Business
Glencore has scrapped plans for the $2 billion Valeria thermal coal mine in central Queensland and pointed to the damaged confidence created by Queensland’s royalty hikes.
Politics
Energy Minister Angus Taylor has stressed the need to “back every horse” in the race to reduce emissions, as the federal government announces a new $1 billion fund to invest in carbon capture and storage technology.
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The world needs to focus on absolute zero emissions, rather than a net zero target, and use clean hydrogen to get there rather than relying on unproven technologies such as carbon capture and storage, Australian iron ore titan Andrew Forrest says.
Flawed, out of date legislation and government inertia is grinding down the Queensland timber industry’s efforts to meet surging demand amid a frenzy to reach carbon reduction goals.
The coal industry claims to have found the answer to carbon capture and storage and has pledged $100 million for a carbon hub in the Surat Basin.
Wind and solar energy sources have been found to be at least 50 per cent cheaper than other sources of power, even with the inclusion of batteries and transmission costs, according to a report from the CSIRO.
