Commentary The International Energy Agency (IEA) is again demonstrating its usefulness in creating whips for Western governments to flagellate themselves with. Last time, it was their Net-Zero report, which recommended building no new fossil-fuel-fired power stations. Ever. It was released the day before Australia approved a new gas-fired power station. This time, it is the…

South Korea’s business lobby group has warned that the Australian government’s intervention in the gas market will lead to a price hike, the same problem that the government was hoping to solve. The comment comes after the Labor government revealed on April 26 it was considering extending its controversial price cap on wholesale gas prices…

Santos chief executive Kevin Gallagher has criticised the Australian government for pursuing energy policies that aren’t “sensible or prudent,” saying the uncertainty is scaring away investment and concerning the country’s Asian partners. Gallagher lamented that Australia did not have a bipartisan energy policy and “power has been handed to the Greens essentially, and they just…

Greens Senator Nick McKim has broken ranks with the climate lobby to call out their behaviour during negotiations over the federal government’s safeguard mechanism. McKim, the Economic Justice and Treasury spokesperson for the Greens said emissions reductions would be significantly less under the mechanism but negotiations were hampered by the climate lobby. “Listening to senior…

Greens Senator Nick McKim has broken ranks with the climate lobby to call out their behaviour during negotiations over the federal government’s safeguard mechanism. McKim, the Economic Justice and Treasury spokesperson for the Greens said emissions reductions would be significantly less under the mechanism but negotiations were hampered by the climate lobby. “Listening to senior…

Australian businesses, and especially the gas industry, will suffer under the climate safeguard mechanism, Shadow Foreign Affairs Minister Simon Birmingham has warned. The safeguard mechanism, which was initiated by the centre-right Coalition but is being overhauled by the centre-left Labor, requires the 215 facilities that annually produce over 100,000 tonnes of greenhouse gases to limit…

The Australian Labor government is getting very close to legislating its climate safeguard mechanism after reaching an agreement with the Greens party. On March 27, the Greens announced that it would support the safeguard mechanism after securing “significant changes” to the legislation, which Labor wanted to push through the parliament this week. The mechanism is…

The left-wing Australian Greens say they will soften their demands for a proposed fossil fuel ban to shake hands with the centre-left Labor government to pass its carbon credit reforms in an effort to tackle climate change. The so-called “Safeguard Mechanism Reforms (Crediting) Amendment bill,” which the Labor government is looking to pass through the…