The expected drop in earnings from resources and energy exports highlights the perils facing an economy already struggling with the RBA’s aggressive tightening of monetary policy.
The stakes are high for Brookfield consortium’s $18.7 billion tilt at Origin Energy.
It is the first court challenge to a coal or gas decision made by the current environment minister and the outcome could affect all pending coal and gas projects.
“If you want to win in 2024,if you do not want the blood of my generation to be on your hands,end fossil fuels,” said Emma,17,in New York,part of a global day of protest.
NSW’s planning department is “actively hostile” to renewables,industry says.
NSW Treasurer Daniel Mookhey says the state’s coal producers will be taxed more – and the cost to householders will be less than $6 a year.
The only thing that upsets climate and energy ministers more than the risk of climate change is the threat of blackouts,so get used to more coal.
Origin Energy is primed to benefit as the NSW government works with the energy group to keep Australia largest coal-power station,Eraring,open beyond its 2025 closure date.
However,Energy Minister Penny Sharpe could not say how much it would cost to extend the life of Australia’s largest coal-fired power station,or how much longer it would operate for.
We can’t justify keeping the unreliable coal power generator at Eraring on life support as it enters terminal decline.
A report says that keeping Australia’s largest coal-fired power station partially open for an extra two years would boost the reliability of the state’s energy supply.