Latest Energy & Environment Stories

Fracking Madness: “hottest play on the planet” or giant sinkhole for public money?

Fracking Madness: “hottest play on the planet” or giant sinkhole for public money?

“The hottest play on the planet,” Keith Pitt calls it. Resources Minister Pitt and his government are keen to open up the Northern Territory to gas fracking but, if the NT’s Beetaloo Basin is so “hot” for investors, then why do they need public money to drill it? Even more bizarrely, the industry has made it clear that it does not want public subsidies but Pitt and Co appear determined to throw public money at the gas companies anyway. Callum Foote and Michael West report on another extraordinary case of corporate welfare, environmental destruction and the political donors and large US hedge funds who we are all subsidising.

Val Shopping: Barnaby Joyce department paid 57 times over for #watergate rights

Val Shopping: Barnaby Joyce department paid 57 times over for #watergate rights

New documents reveal a valuation of just $1.4 million for the water rights sold by Angus Taylor’s old company to Barnaby Joyce’s department. Unfortunately, the government was guided by a later, far higher valuation for the controversial water rights. Jommy Tee’s latest investigation is further compelling evidence of the drastic need for a federal corruption commission with teeth.

Another Australian miner sues another poor country, this time Barrick’s Porgera in PNG

Another Australian miner sues another poor country, this time Barrick’s Porgera in PNG

Investor State Dispute Settlement processes in trade agreements hit the headlines when US multinational Philip Morris tried to sue Australia over its tobacco plain packaging laws. Australian mining companies are increasingly using ISDS processes and are being awarded billions based on dubious calculations of potential lost profits by unaccountable international tribunals. Patricia Ranald reports.

Anthony Albanese coy on gas as Scott Morrison locks in Australia’s fossil fuel future

Anthony Albanese coy on gas as Scott Morrison locks in Australia’s fossil fuel future

Australia’s carbon-belching future is surely being sealed by the Coalition with the acquiescence of Labor. As the world turns from coal, gas is almost as toxic for the climate. Callum Foote reports on Labor’s capture by the gas lobby capture while Angus Taylor appoints Macquarie’s Shemara Wikramanayake and former Origin chief Grant King to advise on his Energy Roadmap even though they are smack-bang in the middle of a billion-dollar gas deal.

Time for Rio to right its wrongs and set up HQ in Australia again

Time for Rio to right its wrongs and set up HQ in Australia again

The destruction of the sacred Juukan Gorge caves highlighted the folly of Rio Tinto’s decision-making in moving its headquarters to the UK, a world away from local knowledge and in breach of the original merger conditions. It’s time Rio ended the remote-control management and returned its team to the country that provides the bulk of its profits, writes Shane West.

Barnaby’s Boondoggle: documents reveal $80m price for ‘Watergate’ licences was nearly twice valuation

Barnaby’s Boondoggle: documents reveal $80m price for ‘Watergate’ licences was nearly twice valuation

The Coalition paid the tax haven-linked Eastern Australia Agriculture nearly double what independent valuers recommended for water licences. Most of the record $80 million from the sale ended up with a Cayman Islands company established by Energy Minister Angus Taylor. Investigative journalist Kerry Brewster has this exclusive report.

Snow Job: why the cover-up over Snowy Hydro 2.0?

Snow Job: why the cover-up over Snowy Hydro 2.0?

The National Parks Association of NSW and ex-Energy Australia chair Ted Woodley are considering a legal challenge to the $10 billion Snowy 2.0, which they say will push back the transition to renewable energy and destroy thousands of hectares of national park, in light of the fact that the whole project hinges on a 30-year-old report. which is being kept secret writes Callum Foote.

Revisiting failed climate strategy of CCS renders investors speechless

Revisiting failed climate strategy of CCS renders investors speechless

Carbon capture and storage, the prohibitively expensive climate mitigation strategy, is back on the Coalition’s agenda. Yet the facts speak for themselves. Of Shell’s total emissions of 656 million tonnes a year, its two CCS plants remove just 5 million tonnes a year from the atmosphere; the few plants in the world only exist because of huge government subsidies; while European oil companies use CCS primarily as a “feel-good” marketing message. Tim Buckley reports.

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