Tag Archives: fossil fuels

Coal aid to Ukraine from Australia also weapons and humanitarian

Ukraine-Russia war: Australia to send weapons, humanitarian aid and coal to Ukraine — Read on http://www.google.com.au/amp/s/amp.smh.com.au/politics/federal/australia-to-send-weapons-humanitarian-aid-and-70-000-tonnes-of-coal-to-ukraine-20220319-p5a636.html Coal as wartime aid, whatever next? If you check, you find, high in list of exports from Ukraine is coal. No deterrent @ScottyFromMktg, generous … Continue reading

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“Highly exaggerated:” Experts debunk Coalition coal and gas jobs claims

Grattan Institute fact-checks Morrison government claims that Queensland coal and gas ban would risk 53,000 jobs and $A85 billion in investment. — Read on reneweconomy.com.au/highly-exaggerated-experts-debunk-coalition-coal-and-gas-jobs-claims/

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‘A good bet?’: Gas firms grilled on growth as world decarbonises

Australia’s big oil and gas companies are facing more forceful questions from investors about the merits of multibillion-dollar expansion projects. — Read on http://www.smh.com.au/business/companies/a-good-bet-gas-firms-grilled-on-growth-as-world-decarbonises-20210616-p581iz.html The longer the delay, the steeper the decline, we risk diving to zero energy consumption, with … Continue reading

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Crony capitalism: Morrison’s gas spending masks a deeper coal addiction

The Morrison government is going on a fossil gas spending spree. But a deeper, more urgent coal problem is growing bigger. — Read on reneweconomy.com.au/crony-capitalism-morrisons-gas-spending-masks-a-deeper-coal-addiction/ Coal-fired power stations need to be closing far quicker than scheduled, in Australia. 

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Australia’s biggest carbon customers plan their escape from fossil fuels, but Morrison isn’t listening

Japan joins China in announcing a net zero emissions target. This is a big deal for Australia, which depends on fossil fuel exports, but its political leaders are not listening. — Read on reneweconomy.com.au/australias-biggest-carbon-customers-plan-their-escape-from-fossil-fuels-but-morrison-isnt-listening-96267/ Lord Seben, UK Chair Climate Crisis … Continue reading

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Unisuper dumps coal assets as sector turns its back on fossil fuels

“Unisuper’s Global Environmental Opportunities fund that excludes oil, gas and coal companies and returned 13.9 per cent for the year, compared to its balanced fund which returned 1 per cent.” Unisuper has dropped its holdings in three ASX-listed energy companies … Continue reading

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LNG producers write off $20bn

Australias LNG sector has blown up more than 20bn in writedowns – Over $22bn has now been written off on projects run by Woodside Petroleum, Shell, Origin Energy & Oil Search so far in July — Read on http://www.theaustralian.com.au/business/mining-energy/lng-producers-write-off-20bn/news-story/d6c4ad5813e55a00eee36200883c0eef

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Markets reel as oil major opts to downgrade itself

Believe it or not…. 16 June, – It’s all change as one oil major writes down its assets, seeing a possible 30-year slump ahead in global demand. — Read on climatenewsnetwork.net/markets-reel-as-oil-major-opts-to-downgrade-itself/

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100% renewable grid within reach-Turnbull right to fund energy storage

Pixabay/Wikimedia Commons An ACIL Allen report to the Australian Governmentlists the technical lifetime of each power station, and shows that two-thirds of Australia’s fossil fuel generation capacity will reach the end of its technical lifetime over the next two decades. The practical … Continue reading

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$5Tn fossil fuel divestment doubles in 1 year

UN secretary general Ban Ki-moon welcomes new total revealing concern over coal, oil and gas investments has entered financial mainstream  A demonstration demanding divestment from fossil fuel at the New York Stock Exchange, Wall Street, New York. Photograph: Dorothy Chi … Continue reading

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