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The Latest Breaking News from Samantha McCulloch

Energy price relief in spotlight of federal budget

As federal parliament returns for the new year the government faces pressure to deliver further energy price reductions after intervening in the market.

AAP

Fines for gas price cap misstep 'unlikely'

Gas producers are unlikely to cop hefty fines for accidentally breaching price cap rules, Australia's consumer watchdog has sought to reassure the industry.

AAP

Australian energy users call gas industry ‘a bunch of bullies’ amid claims of supply shortages

Producers argue Albanese government’s price cap intervention has ‘paralysed the market’

The Guardian - AU

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Energy users and ex-ACCC boss praise government for staring down ‘bullies of the gas industry’

Industry argues capping gas at $12 a gigajoule risks future investment but experts say price is top end of range forecast before invasion of Ukraine

The Guardian - AU

Gas boss fears plan will kill investment

Industry chief Samantha McCulloch says the federal government's plan to cap gas prices will "unravel" Australia's open market economy.

AAP

Labor takes aim at gas industry over trying to preserve ‘big profits’ during Ukraine war

In defence of energy price caps, minister Chris Bowen says Australians should pay a fair cost for gas extracted in Australia rather than a ‘wartime price’

The Guardian - AU

Energy minister defends federal government's plan to relieve impact of rising power prices

Chris Bowen concedes the federal government's plan to ease household energy prices will not be a silver bullet, but is the biggest lever it has to try to alleviate spiralling costs.

ABC News

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Coal and gas price caps and whether they'll lower your energy bills explained

Federal and state leaders thrashed out a plan to shield consumers from the worst of the energy price crisis this week, but what's in the deal and how well will it work?

ABC News

The Australian’s back-of-the-envelope green hydrogen figures are overblown and forget climate impact

The claim it would take 25% of Australia’s land mass to provide the planet with green hydrogen misses an obvious point

The Guardian - AU

Call for energy ministers to agree to gas price cap at 30% of current market offers

Head of Australian energy users group says current $35 per gigajoule is ‘dire’ and a $10/GJ cap would be ‘pretty fair and reasonable’

The Guardian - AU

Australia will join Biden’s global pledge to cut methane emissions by 30% by 2030, Albanese confirms

Funding of more than $3bn will support agricultural methane reduction, clean tech initiatives and the commercialisation of seaweed feed supplement

The Guardian - AU

Gas windfall profits tax could raise upwards of $20 billion, argues Australia Institute

A tax on the windfall profits generated by Australia's gas export industry due to soaring energy prices could raise more than $20 billion in a year, a new report from the Australia Institute argues.

ABC News

Experts say 'crazy' policies will hobble role of gas in Australia's energy transition

Across the developed world, countries are betting big on gas to be the transition fuel to renewable energy. So why is Australia, with all its gas reserves, unable to follow suit?

ABC News

Albanese government has guaranteed farmers won’t be hurt if Australia signs methane pledge, NFF says

Peak body says assurances given and must be upheld or trust with rural Australia ‘will be broken’

The Guardian - AU

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ABC News

Methane emissions from natural gas flaring underestimated fivefold, US study calculates

Methane emissions from natural gas and oil wells are usually burnt to convert the fugitive gas to carbon dioxide and water vapour. But new research shows the US fossil fuel industry has underestimated how much methane escapes.

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