How good is a (taxpayer subsidised) gaslit recovery, shout @ScottMorrisonMP & @AngusTaylorMP for raising political donations.
Meanwhile, the fossil gas industry is full retreat.
@APAGroup writes off $249m cash on their new gas plant.
https://reneweconomy.com.au/gas-giant-writes-down-gas-processing-plant-as-it-weighs-rapid-decarbonisaton/ by @renew_economy
Meanwhile, the fossil gas industry is full retreat.
@APAGroup writes off $249m cash on their new gas plant.
https://reneweconomy.com.au/gas-giant-writes-down-gas-processing-plant-as-it-weighs-rapid-decarbonisaton/ by @renew_economy
And Queensland's @CleancoQ has written off the entire value of its 385MW Swanbank E gas-fired power plant to zero and expects to receive net losses from operating this power station until its expected retirement in 2036.
https://www.argusmedia.com/en/news/2184709-queensland-writes-off-swanbank-e-gasfired-power-plant?backToResults=true @ArgusMedia
https://www.argusmedia.com/en/news/2184709-queensland-writes-off-swanbank-e-gasfired-power-plant?backToResults=true @ArgusMedia
Global tax haven based majors like @exxonmobil talk up fossil gas even as they are selling out in Australia. Or trying to sell, unable to find buyers of soon to be stranded fossil fuel assets.
@barobertson111
https://www.smh.com.au/business/companies/exxonmobil-calls-off-sale-talks-for-bass-strait-oil-and-gas-fields-20201127-p56il0.html by @NickToscano1
@barobertson111
https://www.smh.com.au/business/companies/exxonmobil-calls-off-sale-talks-for-bass-strait-oil-and-gas-fields-20201127-p56il0.html by @NickToscano1
And taxpayers are now footing the bill to clean up @WoodsideEnergy's rehabilitation liabilities.
How good a leaner is fossil gas says @keithjpitt!
https://www.boilingcold.com.au/northern-endeavour-debacle-hits-209m-with-much-more-to-come/ by @PeteMilne4
How good a leaner is fossil gas says @keithjpitt!
https://www.boilingcold.com.au/northern-endeavour-debacle-hits-209m-with-much-more-to-come/ by @PeteMilne4
And @SantosLtd has taken US$895m of cash losses on behalf of its shareholders. Maybe time for @ScottMorrisonMP to promote another failed Santos CEO into a really comfy sinecure at Snowy Hydro, where he can promote fossil gas subsidies. https://www.boilingcold.com.au/santos-126m-reindeer-gas-field-write-off/ by @PeterMilne4
Meanwhile, the fact-free spin that fossil gas is a low emissions fuel is constantly repeated. But satellite tracking of methane is proving the lie. Even the @iea is now questioning the absence of independent peer reviewed studies underpinning this lie. https://www.iea.org/reports/methane-tracker-2021
Didn't @AngusTaylorMP constantly say how good is taxpayer subsidised carbon capture and storage, that 'commercially proven' fossil fuel figleaf that is about 0.001% on track with industry forecast rollout - according to the @iea?
https://www.boilingcold.com.au/regulator-limits-chevrons-troubled-gorgon-co2-injection-to-one-third-capacity/ @PeterMilne4
https://www.boilingcold.com.au/regulator-limits-chevrons-troubled-gorgon-co2-injection-to-one-third-capacity/ @PeterMilne4
And IEEFA's @barobertson111 has been ahead of the curve, as usual. https://ieefa.org/ieefa-volkswagen-lied-about-emissions-from-their-vehicles-and-the-gas-industry-is-also-lying-about-their-emissions/ @IEEFA_AsiaPac
But we would suggest @ScottMorrisonMP pivoted to his gaslit recovery spin to get away from constantly talking about how good #coal is.
And in the real world - the billion dollar write-downs are continuing, almost daily. https://www.afr.com/companies/energy/coal-power-stations-going-broke-schott-20210216-p572xn
And in the real world - the billion dollar write-downs are continuing, almost daily. https://www.afr.com/companies/energy/coal-power-stations-going-broke-schott-20210216-p572xn
How good is it to be really really long fossil fuels, says no one at @originenergy this week.
https://reneweconomy.com.au/origin-profits-collapse-as-it-prepares-for-messy-coal-exit-and-big-battery-plans/ by @MichaelM_ACT @renew_economy
https://reneweconomy.com.au/origin-profits-collapse-as-it-prepares-for-messy-coal-exit-and-big-battery-plans/ by @MichaelM_ACT @renew_economy
And shareholders at AGL reminisce fondly back on the days under @Andy_Vesey when their share price went up. Brett Redman this week confirms his coal plant acquisition profit boom was fabricated. https://www.afr.com/companies/energy/agl-to-slash-capex-costs-after-2-29b-first-half-loss-20210210-p571b5
And @CSEnergyQld wrote down $353m (15% of assets) and Stanwell $720m (19 per cent of total assets) this past week as well. Coal plants are a wealth hazard. https://www.i-q.net.au/main/state-owned-power-stations-in-1b-plus-write-down
But then @mattjcan entirely knows that. He is just joking when he says he is pushing @ScottMorrisonMP to provide a $3 billion coal plant subsidy for Collinsville.
And look, the @SMH somehow found a photo of Matt without #coal smeared all over his face! https://www.smh.com.au/politics/federal/nationals-coal-crusade-an-expensive-political-fantasy-20210126-p56wwn.html
And look, the @SMH somehow found a photo of Matt without #coal smeared all over his face! https://www.smh.com.au/politics/federal/nationals-coal-crusade-an-expensive-political-fantasy-20210126-p56wwn.html