Today
New gas projects receive support amid Labor unease
Resources Minister Madeleine King has backed the development of the Narrabri gas field in NSW, and the Queensland Labor government has given the green light to four new projects in the Bowen Basin.
- Phillip Coorey
Yesterday
Gas policy betrays Labor voters
Readers’ letters on the government’s plan to back gas until 2050; a call to arms from Perth; why it’s time to leave the low-tax silo; and why King Charles should phone Xi Jinping.
- Opinion
- Opinion
Why Albanese is going all in on gas
The Labor government has infuriated climate activists by insisting that gas will play a crucial role in the energy transition for many decades to come. Big producers like Woodside will wait to see what that means.
- Jennifer Hewett
Kerry Stokes ‘cannot cop criticism’
Teal MP Zoe Daniel has accused billionaire Kerry Stokes of anti-democratic behaviour after Seven West Media doubled the cost of printing the AFR. Here’s how the day unfolded.
- Updated
- Gus McCubbing
- Opinion
- Chanticleer
‘Why would I invest a single cent in Australia?’ asks Orica boss
The explosives giant’s CEO, Sanjeev Gandhi, is getting a little tired of hearing about the Albanese government’s much hyped Future Made in Australia policy.
- James Thomson
ANZ hardens policy against bankrolling oil and gas projects
The bank says it will “no longer provide direct financing to new or expansion upstream” projects, practically ruling out lending to the largest proposals.
- Ben Potter
This Month
Labor backs gas ‘to 2050 and beyond’
The government has shed its ambivalence towards gas and adopted a strategy that locks in its use for several more decades along with measures to promote carbon capture.
- Phillip Coorey
April
Origin’s LNG revenue drops 8pc in March quarter
Lower global prices for oil and gas dragged down LNG revenue at the energy giant to $2.6 billion.
- Updated
- Elouise Fowler
- Analysis
- Analysis
Woodside caught between twin objectives on a collision course
Woodside is hoping that technology, hard work and deployment will reconcile fidelity to net-zero with growth by pumping oil and gas.
- Ben Potter
Woodside climate plan sunk but Goyder survives
The proxy battle pitched Australia’s largest gas producer against activists that argue its path could tip the balance towards more dangerous climate change.
- Updated
- Ben Potter and Tom Rabe
- Opinion
- Opinion
Goyder will face the music at Woodside AGM
Even if the chairman now looks certain to survive a substantial protest vote and be re-elected, it all adds up to a firm rebuff of the company’s decarbonisation plan.
- Jennifer Hewett
- Opinion
- Chanticleer
Richard Goyder’s Woodside board seat is safe, climate plan is not
Early votes tell us what to expect at Woodside’s annual meeting. It’s clear investors want more action on emissions, particularly at a big oil and gas producer.
- Anthony Macdonald
Chevron vows to develop new WA gas fields
The federal government is considering wielding its “use it or lose it” powers on undeveloped fields held by major energy companies.
- Tom Rabe
- Exclusive
- Carbon challenge
Big US pension funds, Aware want Richard Goyder off Woodside board
But AustralianSuper says it will back the businessman, even as it votes against the oil and gas giant’s climate plans, at a shareholder meeting on Wednesday.
- Ben Potter and Hannah Wootton
Booming AI demand threatens electricity supply
Regulators are scrambling to factor the explosive growth of data centres into demand projections as one network warns of a 250 per cent surge in power needs.
- Ben Potter
- Updated
- Energy
Woodside chief says her climate plan is ‘honest’, unlike some rivals
Ahead of a tense shareholder meeting next week, Meg O’Neill urged investors to support the emissions plan and back the re-election of chairman Richard Goyder.
- Updated
- Elouise Fowler
Gas costs could sink more manufacturers after Qenos: AIG
Australian Industry group chief executive Innes Willox said the collapse of Qenos reflected the “erosion of key pillars of Australia’s industrial landscape” and high gas prices – and risked much more damage.
- Ben Potter
Santos blames lower output, prices for 15pc revenue slide
But the gas giant says the result sets it up to complete major projects including a carbon capture and storage scheme which is due to start later this year.
- Elouise Fowler
British shareholder LGIM piles more climate pressure on Woodside
The $2.3 trillion asset manager will vote against not only the gas giant’s climate plan but also against chairman Richard Goyder’s re-election.
- Hans van Leeuwen
BHP tied to gas until 2053 as power need swells on electric fleet
Decarbonisation of Australia’s biggest export industry will require almost seven times more power and BHP wants gas to play a role until at least 2053.
- Peter Ker
