Chevron will significantly increase its spending on carbon capture and nature-based credits, and will develop a new business as a CCS service provider.
With the help of top barrister Noel Hutley SC, an activist shareholder group has launched legal proceedings against Santos over claims in its annual report to have a credible pathway to net-zero.
The NSW government is planning to strengthen assessment requirements for CCS projects, waste-to-energy projects, groundwater treatment activities, and large storage batteries.
The former head of the Yallourn coal-fired power station and mine has left EnergyAustralia to lead a pilot project that will capture CO2 directly from air.
The Western Australian government has given Chevron three weeks to reveal the extent of its failure to meet CO2 sequestration obligations, and has raised the prospect of a make-good plan that includes buying local carbon credits.