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The Latest Breaking News from Tony Wood

Do the PRRT changes in the budget go far enough to fix a 'broken' Petroleum Resource Rent Tax?

Economists and energy experts say the government is short-changing Australians with planned changes to the Petroleum Resource Rent Tax that will only raise an additional $2.4 billion over five years.

ABC News

Labor’s hydrogen pledge a ‘great start’ but more needed to become global player, experts say

Australian Hydrogen Council welcomes $2bn funding but MP Sophie Scamps calls it ‘a drop in the ocean’ compared with US

The Guardian - AU

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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Fracking regulator disputes NT government's claim it met all Pepper Inquiry promises

The independent regulator has disputed the NT government's claim that is met all the conditions to allow fracking in the Beetaloo Basin.

ABC News

Value of Australian lithium exports tipped to match thermal coal in five years

Revenue from mining key metal used in EV batteries to triple by 2027-28 while thermal coal exports set to fall by more than 70%

The Guardian - AU

Safeguard mechanism agreement unlikely to increase energy prices and stop future coal and gas projects, experts say

The federal government's landmark climate policy to drive down emissions generated a mixed reaction from the energy industry, but experts say it is unlikely to stop future coal and gas projects or increase power prices.

ABC News

Proponents of fracking in the Beetaloo Basin welcome the Greens' safeguard mechanism amendments, say they create 'certainty'

Fracking proponents say safeguard mechanism amendments have created certainty for the Beetaloo Basin.

ABC News

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Regulated power prices set to surge 'at least 20 per cent' this winter as energy bill reprieve ends

Benchmark power prices are tipped to rise by more than 20 per cent within months, as the enormous costs from last year's energy crisis flow through to consumers' bills.

ABC News

Government and Greens head for collision on climate laws

That could be an insight into how negotiations between Labor and the Greens on critical climate legislation have been faring.

The New Daily

Call for Hunter advocacy groups to coordinate efforts

The Hunter's disparate array of advocacy and lobby groups needed to adopt a more coordinated approach to the Hunter's energy transition, the director of the Grattan Institute's energy program believes.

Newcastle Herald

Hospital, mine saved from large bushfire

Tasmanian firefighters have contained a large bushfire that burnt through three hectares in the state's west.

AAP

Pleasing none, Albanese presents consensus position on rising power bills; gets tentative tick

Anthony Albanese has ultimately stepped in for the consumer on energy, but limited the fallout to industry.

The New Daily

Albanese has COVID but only one real headache – and the stakes are high for your budget

Anthony Albanese needs to bring premiers on board with a government plan to tame skyrocketing energy bills.

The New Daily

Raiders mourn death of long-term supporter, sponsor Garry Sykes

Vale Garry Sykes, the man who convinced Canberra to drink lime green milk.

The Canberra Times

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ABC News

Victorian Liberal and Labor parties sharpen state election pitches ahead of early voting

The Liberal Party urges Victorians to vote for change and a ceiling on the state's debt on November 26, as Labor vows to forge ahead with a major shake-up of the state's energy network if it wins a third term.

The New Daily

Anthony Albanese mulls ‘sensible solutions’ to curb soaring electricity prices

Prime Minister Anthony Albanese has set a Christmas deadline for a crackdown that he promises will curb soaring electricity prices.

ABC News

What's the risk of a blackout if the Callide Power Station goes out in a heatwave?

The Callide Power Station was out of operation for part of a day last week. There's some concern if that were to happen during a heatwave, a blackout could occur.

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.

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ABC News

Australia's great energy transition reaches a 'tipping point' as clock winds forward for coal

Everywhere you looked over the past few days it seemed the super-charged transition from coal-fired power to renewable energy was on display. So what's next?

ABC News

Victoria's Loy Yang A power station will close as early as 2035. What does that mean for energy generation in the state?

Victoria's largest power station will close a decade earlier than expected. With fossil fuels currently generating about two thirds of the state's power, what does this mean for the future?

The New Daily

Government’s own maths says runaway energy bills about to get much worse – why not act?

Runaway energy bills a sign of the cost of government inaction as prices soar, although they could be reined in with simple regulation.

ABC News

Origin Energy quitting Beetaloo fracking project an 'indicator' of gas industry’s future, analyst says

Origin Energy's decision to back out of plans to frack for gas in the Northern Territory's Beetaloo Basin could be an early indicator of "fossil fuels falling away", according to an energy analyst.

AAP

Regions will be the centre of energy shift

Regional communities must be included in planning and conversations about renewable energy, a national summit has been told.

ABC News

Does carbon capture and storage work and can it help Australia achieve net zero by 2050?

The technology is being hailed as one way Australia can open new oil and gas projects while simultaneously combating climate change. But there are doubts CCS is up to the task.

The New Daily

UK faces catastrophic winter as energy costs skyrocket: Is Australia safe from this crisis?

With the UK in for an astonishing surge in energy bills, many Australians are wondering if they too can expect their household costs to rise.

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