Browsing: Hard-to-abate industries

• New research on major projects adds to Greens argument
  
• New ESG risk rating tool for investors
  
• Governments can easily fix eastern state gas supply inequity: ACCC
  
• Queensland announces new battery for Emerald

Federal Minister for Resources Madeleine King has urged industry to invest in carbon capture and storage technologies and dismissed the idea of banning new gas projects in a speech to the oil and gas industry in Perth.

The threshold for inclusion in the Safeguard Mechanism should be reduced from 100,000 tonnes of carbon to just 25,000 tonnes according to the Productivity Commission.

• New, expanded fossil fuel projects will blow SM budget, modelling shows
  
• Qld government, solar industry to create stewardship scheme, divert PVs from landfill
  
• Energy efficiency grants of up to $25,000 for SMEs now open

Woodside Energy has made little progress in cutting the majority of its climate pollution from the sale of oil and gas, but is on track to meet its target of reducing Scope 1 and 2 emissions by 15% by 2025.

The Carbon Market Institute (CMI) has called on the Federal government to bring forward a review of its Safeguard Mechanism (SM) to 2025/26 but has warned against outright rejection of carbon credits.

In its latest yearly report, mining giant Rio Tinto reported a drop in revenue, ending the year with a net debt of US$4.2 billion, and further turned to offsets to help with emissions amid abatement project delays.

Santos has reported record free cash flows, a new decarbonisation-focused operating division and progress on its carbon capture and storage projects in its 2022 full year results released this week.

BHP is on track to achieve its FY30 operational and value chain emission reduction goals while signing new muti-year deals to trial decarbonisation technologies in the steel industry, according to its half yearly results released today.

A new report from the Australian Industry Energy Transition Initiative (ETI) says Australia's biggest emitting sectors will be able to reduce their emissions by 92% by 2050 if the nation doubles its electricity generation and invests in renewable hydrogen.