Almost two-thirds of Australians favour imposing a levy on fossil fuel exports to help fund local government action on climate change, according to a new survey.
Delta Electricity appears to have decided a grant is a safer way to subsidise an upgrade of its coal-fired power plant, even though its right to earn carbon credits might potentially have been more lucrative.
The $1.5 billion CopperString 2.0 transmission line, the Vales Point coal power station, and companies shortlisted for fast-track EPBC assessments are among tonight's Budget winners.
Australia's pure-play fossil fuel companies will face shareholder climate resolutions demanding that they develop plans for the wind-up of their assets.
It will take at least 25 years, and possibly up to 75 years, to fill the Latrobe Valley's three coal mine pits with water once mining ceases, according to a major new rehabilitation strategy released today by the Victorian government.