Energy Transition
Woodside Petroleum: doubling down for a dirty decade
Woodside and BHP have responded to the energy transition by heading in opposite directions. Here are 13 takeaways about Woodside's future. They will need some luck.
Climate Change
WA is particularly susceptible to climate change with South West rainfall already hard-hit yet it is the only State with rising carbon emissions.
Climate Change
Unless we act now, a hotter, drier, more dangerous future for Australia awaits: IPCC
The latest science is clear: "Every fraction of a degree of global warming increases the likelihood and severity of many extremes...every effort to reduce greenhouse gas emissions matters."
Carbon Emissions
BHP climate target skips massive Australian oil & gas emissions
BHP's climate target excludes the Bass Strait, North West Shelf and future Scarborough LNG on the incorrect basis that the operator controls the emissions, not the joint owners.
Climate Change
Net-zero emissions by 2050 needs immediate halt to new oil, gas and coal projects: IEA
New fossil fuel projects must end today for the world to navigate a "viable but narrow pathway to net-zero emissions by 2050," according to the International Energy Agency.
Energy Transition
The budget is a flight of fancy ignoring Australia’s low-emissions future
In this week's budget the Morrison Government ignored clean energy and instead took a long-odds bet that carbon capture and storage will allow fossil fuels to carry on untouched by climate concerns.
Climate Change
The 1.5℃ global warming limit is not impossible – but needs political action now
There are rapidly escalating risks in global warming between 1.5℃ and 2℃ and the focus now must be on governments’ 2030 targets for emissions reduction.
net-zero 2050
Climate crisis: hope of staying within 1.5°C vital to spurring global action
Global warming can be limited to 1.5°C with commitments now to significant emissions reductions this decade, and in a circular logic, those commitments need faith that climate change can be tamed.
Climate Change
Seriously ugly: Australia if the world heats by 3°C this century
Emissions are on track to near 3℃ warming by 2100 that would give future Australians a seriously degraded life, according to the Australian Academy of Science, but strong action this decade can produce a better future.
Climate Change
Why net-zero emissions pledges should be met with scepticism
The world does not have room to plant enough trees to provide "right to pollute" offsets for companies claiming net-zero by 2050 and more actual reductions in emissions are required.
LNG
Conservation Council moves to quash Woodside's growth plans
The Conservation Council has launched legal action against Woodside and the WA Government that may reopen environmental approvals essential to the Scarborough and Browse LNG projects.
Chevron
Chevron slashes global spend and ignores energy transition
Chevron slashes more than $US20 billion off its five-year spend due to lower demand and prices for fossil fuels but allocates just 2% of its 2022 budget to the energy transition.
Climate Change
A global carbon price could soon be a reality: Australia should prepare
A carbon price and dividend could help households and shield Australian exporters from coming EU and US carbon border taxes: UNSW economics professor.
Climate Change
Prepare for hotter days, says the State of the Climate 2020 report
The South West of WA has a hotter, drier future with more bushfires thanks to rising CO2 levels, according to the CSIRO and Bureau of Meteorology.
Analysis
Is Woodside a high-risk low-return bet on Scarborough LNG?
With only one growth option Woodside is selling Scarborough LNG hard, but is it a sensible investment in a world moving to tougher action on climate?
Carbon Emissions
Zali Steggall's climate change bill comes as business steps up
Independent MP Zali Steggall's climate change bill aims to take the short term politics out of climate change at the national level and replace it with science, economics and certainty.
Carbon Emissions
US under Biden will rejoin the Paris climate agreement and Australia will feel the heat
When a Biden-led USA rejoins the Paris Agreement and takes strong climate action Scott Morrison will have few international allies for his stubborn idleness.