Triangle Energy fails due to $200m oil field clean up bill off WA
The majority owner of the Cliff Head platform has called in administrators and other oil and gas producers will likely shoulder the cost.
The Australian resources sector has a large portion of foreign ownership that is very lightly regulated by the Foreign Investment Review Board.
Alcoa chief executive Bill Oplinger will look to shore up state government support for his vital WA mining that is facing public scrutiny for the first time.
The US giant pretends Labor's policies are thwarting the expansion of its Gorgon and Wheatstone gas plants, which it does not plan to do anyway, to gain leverage with governments.
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