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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

We now know just how much the Albanese government cares about the climate

Labor pitched climate change as an economic opportunity in the budget — rather than an apocalyptic deadline — to win voters over.

Crikey

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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

Australia closes oldest coal plant, pivots to renewables

Sydney (AFP) - Australia's oldest coal-fired power plant was shuttered Friday, as the country -- a once-notorious climate straggler -- prepares for a seismic shift towards renewable energy.

AFP

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

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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

‘Brazen cronyism’: All eyes on Modi following explosive Adani allegations

A handful of carefully worded sentences in an explosive report slamming Adani have sparked a firestorm for the Modi government.

Crikey

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

Adani crashes and burns, accused of ‘biggest con in corporate history’

Is the meteoric decimation of the fossil fuel titan a gift to our environment, or does it unwind Adani’s much-needed climate action?

Crikey

Labor could offload billions’ worth of its carbon credits to big polluters: analysts

Climate Minister Chris Bowen is facing a barrage of pushback over the crowning jewel of the Albanese government’s climate policy.

Crikey

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ABC News

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.

The Guardian - AU

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

ABC News

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.

The Independent UK

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

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The Guardian - AU

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

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.

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’

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