Cash-poor Kimberley fracker Black Mountain expects WA decision soon
The US-owned company is seeking funds from investors to stay a going concern while it awaits state and Federal approval.
The liquidator of Northern Oil and Gas Australia has recommended liquidation, which will leave the Federal Government responsibility for decommissioning its oil vessel.
Woodside buried deep in a huge environmental approval report for Browse LNG a risk it may have to buy massive amounts of carbon offsets.
Woodside's environmental approval submission for its $US20.5B Browse LNG project shows negligible efforts to rein in carbon emissions.
Any large project in WA will now need to tell the EPA how it will achieve zero-net emissions by 2050 before it can go for Ministerial approval.
The WA Environmental Protection Authority has backed off its plan for 100% offsets for new projects but will push for net-zero emissions by 2050.
Woodside chief executive Peter Coleman told investors his Browse and Scarborough LNG projects stood up with a $US40/t carbon price, but the fine print was a different story.
A report for Woodside on the effect of LNG imports on Asian emissions sees gas and coal fighting for a shrinking market share as renewables grow.
While BHP's dominant mining arm wants to be seen to be greener its highly profitable petroleum arm is not slowing down.
Offshore wind power is growing across the globe but Australia's only proposed project off Victoria has no regulation system to seek approval from.
Emissions-heavy corporate Western Australia wants the WA Environmental Protection Authority to leave control of greenhouse gases to the Federal Government.
Maintaining social license for oil and gas keeps executives awake at night according to industry lobby group APPEA that is researching how to fix the problem
The owner of an oil vessel in the Timor Sea falling into liquidation may make the Federal Government very cautious about who ExxonMobil can sell its Bass Strait assets to.
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