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The Latest Breaking News from Tim Buckley

$100m spent on underground mapping before tunnelling woes, Snowy Hydro boss admits

Following the revelation made by Dennis Barnes at a Senate estimates hearing, an analyst predicts the project cost will blow out to at least five times the original figure.

ABC News

World's biggest carbon capture plant running at one third capacity, Chevron Australia reveals

The future of carbon capture technology is up in the air as United States oil and gas giant Chevron admits to an Adelaide audience that its flagship project is running at just a third of capacity six years after opening.

ABC News

Labor’s changes to gas tax will deliver little if any extra revenue, analysts say

Greens label move as ‘less than the bare minimum’ while Monique Ryan says Australia remains a ‘global laggard’ on taxing industry

The Guardian - AU

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Woodside could pump safeguard mechanism for gas credits

Gas giant Woodside Energy is being urged to rethink expansion plans or face a carbon emissions bill estimated at more than $60 billion by mid-century.

AAP

Gas power a critical safety net in energy transition set to cost 'trillions', study finds

A landmark report modelling Australia's pathway to carbon neutrality by 2050 finds the country's biggest power grid will need to triple in size within eight years.

ABC News

Do Adani's woes matter for India's clean energy transition?

Gautam Adani and his companies lost tens of billions of dollars and their stock plummeted after the businesses were accused of fraud and stock price manipulation

The Independent UK

Act now or 'miss the boat' on energy revolution: report

Australia has a chance to straddle old and new economies as a minerals "superpower" but could miss out if governments don't wake up to big-spending rivals.

AAP

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Residents living next to 'poo pipe' say they're woken by human waste being flushed away

Residents complaint about foul smells at Wendelburie Rise development in Wellingborough, Northamptonshire, and to combat the issue Anglian Water fitted a huge 'poo pipe'

Daily Mirror

Residents living next to huge overground sewage pipe say they're woken up by sound of waste being flushed

'It makes me queasy thinking of all the poo floating past my front door'

Wales Online

Northern Territory government downplays Sun Cable's voluntary administration as list of troubled major projects grows

As a breakdown between billionaire investors threatens one of the Northern Territory's brightest economic hopes, the NT government insists it and other major projects will still go ahead.

ABC News

What is the energy price relief plan and will it actually reduce power bills?

Treasury modelling suggests average household will be $230 better off after national cabinet backed $1.5bn intervention

The Guardian - AU

Critics pan ASIC as 'toothless tiger' amid anger over collapse of critical WA coal mine Griffin

Australia's corporate regulator is accused of failing to properly investigate a "bankrupt" coal mine whose troubles are threatening the security of a state's electricity system.

ABC News

Indian coal magnate Gautam Adani goes green

Asia’s richest man, coal magnate Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after its economy was liberalized in the 1990s

The Independent UK

Japanese ambassador takes ‘highly unusual’ campaign against Queensland coal royalty hike to mining forum

Shingo Yamagami emerges as strident critic of Palaszczuk government’s tiered rate aimed at cashing in on record prices

The Guardian - AU

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ABC News

Gas well methane leaks a 'huge' environmental and economic issue, BP's Bernard Looney says

The head of one of the world's biggest oil and gas producers has called for a clampdown on fugitive emissions on economic and environmental grounds, but says fossil fuels are crucial to the renewable energy transition.

The Guardian - AU

Mike Cannon-Brookes succeeds in shaking up AGL board

All four of the billionaire Atlassian co-founder’s proposed new directors secured seats on the board of Australia’s largest carbon emitter

ABC News

Entire state's power system on the brink as Indian loan to Aussie miner Griffin Coal turns toxic

A giant Indian bank sits behind a slow-moving Australian energy disaster. It's a tale about billion-dollar bets gone terribly wrong, failed international ambitions and a clash of finance cultures.

The New Daily

Budget offers substantial progress on energy transition, but serious omissions remain

The Budget is undermined by the pre-election commitment of no new taxes, meaning fossil fuel exporters get off scot-free, Tim Buckley writes.

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news in one place.

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ABC News

Australia's biggest electricity system 'on life support' as states take control of the energy transition

Top energy expert says the country's biggest electricity market is dying as state and federal governments take control of renewable energy switch.

The Guardian - AU

Private owners net millions in sale of ageing coal-fired power station in NSW

Delta Electricity sells Hunter region station to Sev.en Global Investments which one critic labels ‘worst of all outcomes’

ABC News

Dartbrook coal mine sale stalls, current owners lobby shareholders to help pay $100m debt

The mothballed Dartbrook coal mine in the Hunter Valley had three sale bids, but all options have since hit snags.

The Guardian - AU

Huge profits for fossil-fuel giants Woodside and Santos stoke calls for windfall tax

Senator David Pocock and Bob Carr among those urging Albanese government to claw back massive mining profits

ABC News

Australia's energy crisis makes winners out of fossil fuel exporters and losers of everyone else, expert says

Record high energy prices are proving to be no picnic for the country's biggest power providers. So who is 'making out like a bandit'?

Newcastle Herald

Push for 400 per cent increase in coal royalties

NSW coal royalties could increase by 400 per cent this financial year, leaving billions more to support regional communities undergoing energy transition, if a progressive royalty system that better reflected record coal prices was introduced.

ABC News

Federal government declares Australia's first six offshore wind energy zones

Domestic offshore wind zones have been given the green light after the federal Energy Minister announced the location of the first of six sites.

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