Category Archives: Energy

Albanese didn’t return with shiploads of diesel. That doesn’t mean his Singapore visit wasn’t a success

Posted on by

Having received assurances from Singapore over refined fuels, diesel supply will surely be next on the prime minister’s agenda

Anthony Albanese isn’t coming back from Singapore with a shipload of diesel in his checked baggage. That doesn’t mean his whistle-stop visit wasn’t a success, or that it won’t be seen in future as a pivotal moment if fuel stocks continue to be choked by the ongoing conflict in the Middle East.

The government never expected that the quick whip to Singapore, with just one full day on the ground, would elicit a new supply of petrol or diesel. Singapore already supplies 55% of Australia’s unleaded, 22% of jet fuel and 15% of diesel.

Continue reading...

Cutting fuel to Australia ‘won’t happen’, says Singapore PM, as Albanese secures pledge from our largest petrol source

Posted on by

Australia and Singapore will ‘make maximum efforts to meet each other’s energy security needs’ in refined fuels and LNG, according to new agreement

Australia’s largest petrol source has pledged not to cut supplies, with Singapore’s prime minister telling Anthony Albanese that fuel will keep flowing despite the international crisis.

Albanese’s whistle-stop visit with his Singaporean counterpart, Lawrence Wong, culminated in a new agreement that the two countries would keep sending one another fuel and liquefied natural gas, amid the “acute energy crisis” caused by the war in the Middle East. Australia and Singapore will also add a legally binding addendum to their free trade agreement on essential supplies like energy.

Continue reading...

World held hostage by reliance on fossil fuels, Christiana Figueres warns – and climate health impacts are ‘mother of all injustices’

Posted on by

Exclusive: Former UN climate chief to co-chair Lancet Commission examining how sea-level rise is reshaping health, wellbeing and inequality

Countries are being “held hostage” by their reliance on fossil fuels, a former UN climate chief has warned, describing the health impacts of climate change as “the mother of all injustices”.

Christiana Figueres, an international climate negotiator who helped deliver the Paris agreement signed in 2016, made the comments as she was announced on Wednesday as co-chair of a Lancet Commission examining how sea-level rise is reshaping health, wellbeing and inequality.

Continue reading...

New North Sea drilling would barely reduce UK gas imports at all, data shows

Posted on by

Exclusive: research finds Jackdaw field would provide only about 2% of current demand, and Rosebank only 1%

Opening major new fields in the North Sea would make almost no difference to the UK’s reliance on gas imports, research has shown.

The Jackdaw field, one of the largest unexploited gasfields in the North Sea, would displace only 2% of the UK’s current imports of gas, which would leave the UK still almost entirely dependent on supplies from Norway and a few other sources.

Continue reading...

Reeves criticises Trump for starting Iran war with no ‘clear plan’ to get out of it – as it happened

Posted on by

This blog is now closed

Starmer says he understands why people are concerned about the cost of living.

He says he has already set out a five-point plan to deal with the crisis.

Just look at what’s happening today. Today your energy bills will be cut because of the action that we took at the budget. And whatever happens in Iran, that price is now fixed until July.

The most effective way we can support the cost of living in Britain is to push for de-escalation in the Middle East, and a reopening of the strait of Hormuz, which is such a vital route for energy.

To that end, we’re exploring each and every diplomatic avenue that is available to us.

Continue reading...

Asia ramps up use of dirty fuels to cover energy shortfall triggered by Iran war

Posted on by

South Korea will delay the shutdown of coal-fired plants, while the Philippines also plans to boost the output of its coal-burning plants

Governments across Asia are ramping up their use of coal, the dirtiest fossil fuel, as they try to cover huge energy shortfalls triggered by the US-Israel war on Iran.

The move has triggered warnings from climate experts who point to coal’s devastating environmental impact, and say the energy crisis should be a wake up call for governments to invest in renewables, which can offer a more stable supply that is not exposed to price shocks.

Continue reading...

‘God squad’ waives endangered species law to allow US drilling in Gulf of Mexico

Posted on by

Critics say exemption for fossil fuels exploits White House’s ‘self-made gas crisis’, and could doom the rare Rice’s whale

A US government panel on Tuesday exempted oil and gas drilling in the Gulf of Mexico from the Endangered Species Act (ESA), a move which critics say could doom a rare whale species and harm other marine life.

The Endangered Species Committee – which had not convened in more than three decades – voted to approve the request for the ESA exemption at the request of the defense secretary, Pete Hegseth.

Continue reading...

Zack Polanski tells NEU teachers’ union that Greens would abolish ‘toxic’ Ofsted – UK politics live

Posted on by

The Green party leader said Ofsted is a ‘failed institution’ and that teaching should move ‘toward a genuinely collaborative model’

Starmer complained about other parties whipping up division, and he specifically criticised Nick Timothy, the shadow justice secretary, for “complaining about Muslims praying in public”.

Labour, by contrast, values bringing people together, he said.

Continue reading...

Farmers plead for tax breaks, diesel guarantees and help buying fertiliser as national cabinet meets on fuel crisis

Posted on by

State and federal leaders due to discuss assistance for business sectors but petrol rationing not expected to find backing

Farmers say the federal government must help them with tax breaks and underwriting fertiliser purchases to survive the fuel crisis, with Monday’s national cabinet expected to discuss more assistance to businesses amid ballooning petrol prices.

Federal and state governments have remained tight-lipped about what would be on the meeting’s agenda but state premiers have urged the Albanese government to take a stronger national coordination role in the crisis.

Continue reading...

How EVs could be part of answer to UK’s fuel reserve worries

Posted on by

More use of two-way charging will earn money for owners and could avoid the need to expand North Sea oil drilling

The Iran war has sent petrol and diesel prices to their highest levels in years, sparked warnings of fuel rationing across Europe and triggered calls for Britain to drill more North Sea oil and gas. But analysis suggests the UK is looking for solutions in the wrong places – and that one of them is sitting on people’s driveways or parked in the street.

If more drivers switched electric vehicles, Britain would sharply reduce its petrol and diesel consumption, with every car charged from the grid rather than the pump extending the country’s fuel reserves – and experts say the potential impact goes far beyond that.

If more drivers switched to electric vehicles, Britain could sharply reduce its petrol and diesel consumption. Every car charged from the grid rather than the pump extends the country’s fuel reserves – and experts say the potential impact goes far beyond that.

Continue reading...

Hundreds of North Sea licences granted by Conservatives have ‘so far produced only 36 days worth of gas’

Posted on by

Exclusive: Findings cast doubt on claims new drilling would help cut bills and boost energy security, researchers say

Hundreds of licences granted for new oil and gas projects in the North Sea under the Conservatives have so far produced only 36 days’ worth of gas, according to analysis.

Research by the energy consultancy Voar and the campaign group Uplift found that between 2010 and 2024, the government handed out hundreds of new North Sea oil and gas licences in seven licensing rounds.

Continue reading...

‘Makes Covid look like a tea party’: Australian food prices could rise for the next year, farmers warn

Posted on by

Iran conflict could see shortages not just in fuel, but fertiliser and fossil fuel resins – used to make milk bottles

Farmers say Australian consumers could pay more for everyday staples for the next year at least as a result of the US-Israel war on Iran.

But the CEO of dairy farmer cooperative Norco, Michael Hampson, says a six- to 12-month disruption to food supply is likely a best-case scenario, depending on the strait of Hormuz reopening soon and global petrochemical supply chains beginning to stabilise.

Continue reading...

Philippines declares ‘national energy emergency’ and boosts coal power as Iran war grinds on

Posted on by

President’s declaration allows officials to tackle fuel hoarding or profiteering, while energy secretary says country will lean more heavily on coal

The Philippines president, Ferdinand Marcos, has declared a state of “national energy emergency” as a result of the Middle East war, which his administration said posed “an imminent danger of a critically low energy supply”.

The state of emergency, which will initially last for a year, was declared just hours after the country’s energy secretary said the Philippines planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaks havoc with gas shipments.

Continue reading...

Philippines declares ‘national energy emergency’ and boosts coal power as Iran war grinds on

Posted on by

President’s declaration allows officials to tackle fuel hoarding or profiteering, while energy secretary says country will lean more heavily on coal

The Philippines president, Ferdinand Marcos, has declared a state of “national energy emergency” as a result of the Middle East war, which his administration said posed “an imminent danger of a critically low energy supply”.

The state of emergency, which will initially last for a year, was declared just hours after the country’s energy secretary said the Philippines planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaks havoc with gas shipments.

Continue reading...

Gas giants warn against windfall gains tax as Pocock says ‘wartime profits’ should go to struggling Australians

Posted on by

Government faces political fight as industry says mooted 25% levy on exports would hurt Australia’s economy and energy security

Gas giants will lobby against any federal government moves to introduce a 25% export levy on windfall profits, as crossbenchers pressure the prime minister to redirect billions of dollars in “wartime profits” to Australians struggling amid the global energy crisis.

It comes after the prime minister’s department asked Treasury to model the effects of placing a flat 25% tax on gas exports, the ABC reported on Friday, along with any further changes to the petroleum resource rent tax (PRRT) and corporate income tax.

Continue reading...

Is this the world’s first quantum battery? Australian scientists say so

Posted on by

Researchers say their prototype is a big step towards fully functioning batteries with rapid charging times

Australian scientists have developed what they say is the world’s first proof-of-concept quantum battery.

Quantum batteries, first proposed as a theoretical concept in 2013, use the principles of quantum mechanics to store energy, and have the potential to be more efficient than conventional batteries.

Continue reading...

How Pakistan’s people-led solar boom is easing impact of Middle East energy crisis

Posted on by

Falling costs and government incentives make solar an attractive option for many, reducing need for gas

After prices of liquefied natural gas surged to record highs after Russia’s full-scale invasion of Ukraine in 2022, millions of people in Pakistan were repeatedly left without electricity. An intense heatwave and gas shortages amid record-breaking prices resulted in power cuts across the country.

But people soon started to realise there was an alternative. The falling costs of solar panels and generous government incentives to feed excess power back to the grid made rooftop solar an attractive option.

Continue reading...

Everything is a political weapon since Trump’s re-election, says Germany’s ex-economy minister

Posted on by

Robert Habeck says world has moved on from weaponising energy to using tariffs, technology and more to inflict harm

The weaponisation of energy when Russia invaded Ukraine has given way to “weaponising everything” since Donald Trump returned to the White House, Germany’s former economy minister has said.

Robert Habeck, the Green politician responsible for keeping the lights on during the last energy crisis, said the belief gas “would never be a political weapon” led successive German governments blindly into Putin’s trap by building the Nord Stream pipelines and selling strategic reserves to Gazprom, which Russia emptied before the invasion.

Continue reading...

European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

Posted on by

Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.

A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing data from 2022, when Russia’s invasion of Ukraine pushed the oil price to the $100 mark, with data from 2017-2019.

Continue reading...

European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

Posted on by

Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.

A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing data from 2022, when Russia’s invasion of Ukraine pushed the oil price to the $100 mark, with data from 2017-2019.

Continue reading...