Australia’s largest oil and gas company has been hit with an unprecedented investor uprising demanding greater action on climate change.
Wind and solar farms are waiting up to two years for planning permission,as investors take aim at “pinch points” obstructing efforts to wean the grid off coal.
Wholesale electricity prices are down as the share of renewable energy in the grid continues to grow.
Sun Cable’s cofounder wants Australia to think bigger about the green energy switch,saying the nation should strive to become a renewable energy superpower.
Storms in Victoria and heatwaves in Queensland strained the power grid and drove wholesale prices higher as Australia faced its third-hottest summer on record.
Britain’s biggest asset manager will vote to remove Richard Goyder as chair of Australian energy giant Woodside amid a backlash over the board’s climate stance.
Woodside chair Richard Goyder has written a last-minute letter to investors ahead of a vote next week on his own position and the company’s plans for climate change.
Pumped hydro projects are at risk of missing out on contracts under the federal government’s green energy financing scheme,despite warnings they are critically needed.
Woodside shareholders are about to decide if the company is doing enough to diversify revenue away from fossil fuels as warnings intensify about emissions heating the planet.
The company’s credibility will be put to the test this month when backers have their say on its emissions plan and the future of chairman Richard Goyder.
The mining giant is part of a consortium building a huge new mining province in Guinea,where there are fears for the survival of a species of chimpanzee.