The high cost of gas in Australia is skewing investment decisions towards other countries,says manufacturing boss.
Major gas users are scrambling to secure supplies following a fire on a critical gas pipeline.
Building materials giant Boral is the latest big industrial player to join forces with a property developer to make money from its extensive property holdings.
Orica will include emissions generated by its customers among its climate change goals for the first time as the federal government’s safeguard mechanism pressures big polluters to act.
Orica says a levy on high-emissions imports will level the playing field for Australia against unfair global competition.
Incitec Pivot has stitched up a gas supply deal that will allow it to opt out of the volatile east coast gas market.
But the explosives maker believes the incentives are not big enough to counter America’s $US369 billion effort to supercharge its clean energy economy.
BlueScope Steel and Orica have thrown their support behind the government’s new climate policy after originally fearing it could pummel their competitiveness.
One of the world’s largest producers of ammonia – a vital fertiliser ingredient in short supply – has shut down due to a lack of gas in WA.
The Melbourne-based manufacturing giant is positioning itself to be a key player in the “green revolution”,as it contends with the challenges of a global energy crisis and inflation.
The Australian explosives maker says the market has failed consumers as prices blow out to levels where businesses can no longer cope.