AGL Energy slams government intervention, posts H1 loss
AGL Energy has posted a first-half loss, citing the cost of decarbonisation, coal plant outages and challenging energy market conditions.
AGL Energy has posted a first-half loss, citing the cost of decarbonisation, coal plant outages and challenging energy market conditions.
Generous incentives have supported business investment in recent years but further interest rate rises could "unnecessarily" tip Australia into recession.
Labor's plan to reduce the ceiling on carbon emissions for some big companies doesn't go far enough, the Greens say.
The Queensland government has indicated it will take over a 1000-kilometre high voltage electricity transmission network in the northwest of the state.
Treasury forecasts indicate wholesale electricity prices won't rise as high as earlier predicted after the government imposed a gas price cap.
Retailers have been struggling to access affordable long-term gas for their industrial and commercial customers, raising questions about energy policy.
The gas industry continues to voice concerns about the design of the government's big stick interventions designed to keep energy prices contained.
New compensation will go to big emitters under a revamped scheme designed to support heavy industry to cut pollution more quickly while remaining profitable.
The Albanese government has committed almost $8 billion in a deal to unlock renewable energy zones and connect Snowy hydro-electricity to the east coast grid.
Australia is again the lucky country with abundant silicon and an action plan for a sovereign solar cell supply chain to break China's stranglehold.
Prime Minister Anthony Albanese has landed a deal with eastern states to provide power bill relief for households and businesses.
Swiss multinational Glencore is reviewing how its plan for a new $2 billion coal mine in central Queensland fits with its aims to cut emissions to net zero.
agriculture
coal
economy, business and finance
energy
energy and resource
mining
natural gas
oil and gas - upstream activities
politics
renewable energy
Experts warn subsidies for coal- and gas-fired plants could derail cleaner, cheaper power as energy ministers prepare for crucial talks in Brisbane on Thursday.
A G7 price cap on Russian seaborne oil is now in force, however a defiant Russia says it will not abide by the measure even if it has to cut production.
Fossil fuels have given Australians an "awesome" standard of living but the economy needs to become more varied, international investors have been told.
The Kremlin says Russian President Vladimir Putin is open to talks about a possible settlement in Ukraine after Joe Biden said he was willing to meet.
Premier Annastacia Palaszczuk has warned she will not sacrifice Queenslanders' energy rebates as the federal government looks to intervene in the gas market.
Origin Energy says the push for clean energy is "out of step" with consumers, warning of bill shock for years from the cost of building new renewable assets.
economy, business and finance
energy
energy and resource
environmental issue
industrial production
metal and mineral
mining
politics
Clean energy and local expertise could transform alumina refining, which has been one of toughest sectors to crack in decarbonising the Australian economy.
Climate and energy leaders say a national renewable energy storage target could stabilise soaring power bills and encourage the construction of new systems.
Queensland's coal industry is emerging as a winner in the global energy crisis as demand from India, Japan and South Korea pick up the slack from China's ban.
Shifts in global power, climate change and technology are driving a 50-year plan for Gladstone's port, and a 10-year transition plan that starts now for locals.
Two major infrastructure projects have been revealed by the Queensland government as part of a clean energy super hub in the state's north.
Four candidates nominated by billionaire Mike Cannon-Brookes' private company, Grok Ventures, have been elected to AGL Energy's board of directors.
Australia's "carbon capital" Gladstone has developed a detailed plan for 10 years of change so no one gets left behind in the race to net zero emissions.
BHP is looking for assets at the right price as the world demands more minerals to build a net-zero economy, but doesn't see a future in green steelmaking.
economy, business and finance
energy and resource
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
politics
Amid pressure for an extra tax on gas profits, the industry is mounting a defence of its importance to the Australian economy.
As power and gas bills rise, so does the pressure on federal and state politicians to take action to solve the energy and climate crisis.
The prime minister is promising to take action against energy companies that don't pass on massive profits to Australian households in the form of savings.
A Russian-installed official says Moscow will likely pull troops from the west bank of the Dnipro river in Kherson, but Kyiv fears it might be a trap.
Pressure is building for Australia to use global standards for more sustainable minerals as the surge in clean energy demand brings risks of dodgy dealings.