The failure of Cliff Head's owners, Pilot Energy and Triangle Energy, to meet payroll does not bode well for their ability to pay the $200 million decommissioning cost.
Pilot Energy and Triangle Energy - two listed minnows with no revenue - may struggle to afford to decommission the Cliff Head platform off the WA coast.
The Point, an initiative of the Australia Institute, helps readers make sense of the most important issues affecting them today.
It aims to connect the dots between policy, politics, and everyday experience.
Asia's fossil fuel industry readies to once again talk up carbon capture and storage (CCS) as the technology that lets us keep burning coal and gas, while still hitting our climate targets.
Australia's safeguard mechanism is failing to reduce emissions because major polluters are relying on unlimited carbon offsets, according to The Australia Institute.
