Category Archives: Energy

France becomes latest country to leave controversial energy charter treaty

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Quitting the ECT, which protects fossil fuel investors from policy changes that might threaten their profits, was ‘coherent’ with Paris climate deal, Macron said

France has become the latest country to pull out of the controversial energy charter treaty (ECT), which protects fossil fuel investors from policy changes that might threaten their profits.

Speaking after an EU summit in Brussels on Friday, French president, Emmanuel Macron, said: “France has decided to withdraw from the energy charter treaty.” Quitting the ECT was “coherent” with the Paris climate deal, he added.

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Tory MPs mull backing Labour attempt to force binding fracking vote

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Opposition motion drafted to make it very difficult for government to ignore or allow mass abstentions

Labour will attempt to force a binding vote on fracking on Wednesday, as Tory MPs mull backing a bid which would allow the opposition to put down a bill banning shale gas extraction.

The motion submitted by Labour for its opposition day debate is drafted to make it very difficult for the government to ignore the vote or allow mass abstentions.

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What are European countries doing to cut power consumption?

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Governments across the continent have announced a range of measures to tackle any energy shortages this winter

Paris is switching off the Eiffel Tower lights an hour early, Milan has turned off public fountains, and Hanover is offering gym users cold rather than hot showers in an effort to combat potential energy shortages this winter.

At the same time, the public are being encouraged to do their bit by avoiding using household appliances between 4pm and 7pm, stock up on blankets and slow down their driving.

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Jeremy Hunt to detail mini-budget U-turn to MPs after Penny Mordaunt insists PM had ‘genuine reason’ for missing Commons question – live

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Latest updates: chancellor to make statement after leader of Commons denied PM was hiding under a desk

Judging by what Conservative MPs have been telling journalists in private over the last few days, the consensus (but not unanimous) view among Tories seems to be that Liz Truss will have to be replaced as party leader before the next election. But very few MPs are saying that in public, and Sky’s Tom Larkin, who is running a spreadsheet of Tories calling for Truss’s resignation, has only got three names on it.

Damian Green, the former first secretary of state, was on the Today programme and you would expect him to be on the Larkin list. He is chair of the One Nation Conservatives caucus, the group most horrified by Truss’s experiment with hardline free market ideology. But he insisted that Truss did have the credibility to carry on as PM, despite the fact she is abandoning most of the key tax policies at the heart of her leadership campaign. He explained:

She is a pragmatist - she’s realised that the first budget didn’t work in spectacular fashion, so she’s now taken the sensible view that we will now try something else, and she’s appointed a very sensible chancellor in Jeremy Hunt.

I obviously don’t know what he’s going to say, but clearly what he’s going to do is already beginning to reassure the markets, and I hope will continue to do so afterwards.

Yes, because if she leads us into the next election, that will mean that the next two years have been a lot more successful than the past four weeks have been. That would not only be good for the Conservative party, that would be particularly good for the country as well, so I think everyone would welcome that.

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Billionaire Mo Ibrahim attacks ‘hypocrisy’ over Africa’s gas

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Telecoms entrepreneur says continent’s people should be allowed to use their vast reserves

One of Africa’s richest entrepreneurs, the telecoms billionaire Mo Ibrahim, has criticised developed countries for seeking to dissuade African nations from exploiting their vast reserves of gas.

Ibrahim told the Guardian in an interview: “We need a balanced and a fair policy for everybody. Gas can be useful to our transition … [Those who say otherwise] are hypocrites.”

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Public ownership of power assets key to smooth shift to renewables, Queensland energy minister says

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Government also able to offset impact of higher energy prices globally following Russia’s invasion of Ukraine, Mick de Brenni says

Retaining control of its electricity assets has given Queensland an edge over other regions in coordinating and funding the race to decarbonise the economy, the state’s energy minister, Mick de Brenni, says.

Queensland last month unveiled a $62bn plan to rid its power grid of coal by 2036, replacing the generation with 25GW of large-scale wind and solar farms, new transmission lines and two giant pumped hydro plants for storage.

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Covid quarantine centre to reopen for flood evacuees – as it happened

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Daniel Andrews says 500 homes have been flooded and another 500 have been isolated. This blog is now closed

An estimated 500 homes are flooded in Victoria with number expected to grow: Daniel Andrews

Victoria’s premier, Daniel Andrews, has been on ABC radio Melbourne this morning, providing listeners with an update on the floods.

Obviously this has been a very, very significant flood event and it’s far from over. There’s a little bit more rainfall but as that weather event passes through, the real challenge is waters continuing to rise and more and more houses being inundated, more and more communities being closed off, becoming isolated, then of course we move to clean up and all of those issues.

We think there’s about 500 homes that are flooded, we think there are another 500 that have been isolated across the state. But I would just say they’re very early estimates and the aerial intelligence gathering choppers are up in the air now ... they’ll be doing all their reports back to the state control centre. So I’d say those numbers are absolutely certain to grow. And indeed, we’re still asking people to leave in some areas. There have been important, important evacuation notices have been issued in a number of communities. So those numbers will go up. That’s why we’ve got nine important relief centres opening and 50 sandbag collection points. There’s an enormous amount of work going on.

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Labour vows to treble solar power use during first term if elected

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Ed Miliband criticises Liz Truss’s ‘anti-green-energy dogma’ after plans to ban solar projects revealed

Labour has criticised prime minister Liz Truss’s plan to ban solar power from most of England’s farmland and vowed to treble the renewable energy source in its first term.

Ed Miliband, the shadow climate secretary, will visit a solar farm on Friday. He is to lay out his opposition to plans by Truss and her environment secretary, Ranil Jayawardena, who the Guardian revealed earlier this week are hoping to ban solar from about 41% of the land area of England, or about 58% of agricultural land.

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Liz Truss on collision course with Jacob Rees-Mogg over solar power ban

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PM wants to prevent panels on 58% of farmland but business secretary says renewables need to be boosted

Liz Truss is facing a rebellion from Jacob Rees-Mogg’s business department over plans to ban solar power from most of England’s farmland.

The prime minister and her environment secretary, Ranil Jayawardena, want to ban solar from about 41% of the land area of England, or about 58% of agricultural land, the Guardian revealed earlier this week.

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Labor ramps up pressure on gas industry as energy prices rise but stops short of price caps

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Unions accuse resource minister Madeline King of signing ‘dud deal’ with multinational gas companies

Labor is ratcheting up pressure on the gas industry as it contemplates a workable policy mechanism to lower prices.

The energy minister, Chris Bowen, on Tuesday night ruled out intervening in the market with price caps after the treasurer, Jim Chalmers, confirmed the government was revisiting the problem of gas prices given soaring energy costs are driving domestic inflation and punching a hole in household budgets.

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Power giants to face windfall tax after all as Liz Truss delivers U-turn

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Prime minister accused of ‘another screeching U-turn’ having previously rejected calls to impose levy

Renewable power companies will have their revenues capped in England and Wales, after the government bowed to pressure to clamp down on runaway profits.

The announcement late on Tuesday night provoked immediate accusations that Downing Street had performed “another screeching U-turn” – having previously rejected calls to impose a windfall tax on power giants.

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Kwasi Kwarteng’s secret meetings with Saudi oil firms revealed

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Exclusive: Meetings while in Saudi Arabia undisclosed due to ‘administrative oversight’, says business department

The chancellor, Kwasi Kwarteng, held undisclosed meetings with senior executives of Saudi Arabian firms when he was the business secretary, documents acquired by the Guardian show.

The meetings occurred in January, when Kwarteng visited the kingdom for a two-day trip under his previous ministerial role.

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Man shot dead by police in Brisbane – as it happened

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Queensland police say officers had been called to Edmonstone Street in South Brisbane around 3pm. This blog is now closed

Treasurer says surging electricity costs will make inflation ‘hang around longer’

We brought you the grim news on the blog yesterday that the head of Alinta energy has predicated a 35% increase to retail electricity bills next year, as energy providers juggle phasing out fossil fuels alongside investment in renewables.

I think one of the reasons this inflation will hang around longer than we want it to is because there are expectations around these electricity price rises being more problematic for longer.

You’ve said the government would put the economy above politics, can you really say that’s what you doing if you leave the stage-three tax cuts in place as they are?

I can say that, and I think what people will see in the budget in two weeks’ time is some difficult decisions in difficult times.

Our job is to make sure that our budgets are perfectly calibrated to the economic conditions as we confront them.

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Extinction Rebellion protesters glue hands to prized Picasso – as it happened

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Dutton on his answer to filling the gap should stage-three tax cuts go through

Dutton:

If you look at even post lockdowns on a month by month basis, you can see months where we’ve gone back into surplus, so the settings we have in government, our instinct as Liberals, as a Coalition when it comes to budget management are vindicated.

When you look at where we are with a 50-year low unemployment, when you look at the strength of the underlying indicators here in Australia, that is a very significant contrast to where the UK or US budget is, and this government inherited a very strong position after nine years of Coalition management.

David, we went to the last election with a promise and I’m not in the business of breaking promises. The prime minister can contemplate it. He looked the Australian public in the eye and it seems he wasn’t so genuine and that he was prepared to make that statement.

I want to see the prime minister honour his commitment and not lie to the Australian people.

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Dominic Perrottet urges people in NSW to stay out of flood water – as it happened

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Trough tracking over NSW towards the coast is bringing intense rainfall and the risk of flash flooding, Bureau of Meteorology says. This blog is now closed

Storey warned despite blue skies in some areas this morning, heavy rain will set in from the afternoon through to tomorrow.

That heavy rain coming on top of saturated soils and catchments and dams that are already full and overflowing [we] can really see that flooding risk escalate really, really quickly. Not only riverine flooding risk, which we’re monitoring closely, but that flash flooding risk, in particular. A lot of roads may see flash flooding affecting them very, very quickly and catching people unawares.

There is definitely a flood fatigue situation across many, many parts of the state. And in particular in the west and the south of the state as well, who have been experiencing major flooding now for what feels like the best part of a year. Many areas in the west and south are still subject to major flooding as we speak, and with the heavy rains continuing in those areas in the coming days, that’s going to exacerbate that risk.

Unfortunately, the bureau’s forecasting an above-average rainfall storm and flood season, so we’re probably gonna see many more events like this over the coming months.

With the expected heavy rainfall impacting the Hunter, Greater Sydney, and Illawarra over the next sort of 24 hours, so our key focus is on that flash flooding risk in those areas.

If you are in those affected areas or travelling through those affected areas, monitor those conditions and never drive through floodwaters. A lot of roads are already flooded in many parts of the state and will be flooded in the coming 24 hours. So, make those smart decisions for yourselves and your families. And the smartest decision you can make is to never drive through those floodwaters.

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Albanese meets Solomons PM – as it happened

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Anthony Albanese meets with Solomons Islands PM Manasseh Sogavare, who reiterates ‘no foreign military bases’ pledge. This blog is now closed

Skill shortages ‘an indictment on the failure to plan’: skills minister

The National Skills Commission’s annual update of the skills priority list is out today, showing the number of occupations facing skills shortages have almost doubled in past year.

Well, I wouldn’t say exactly that. I would say, though, it is very high that we have so many occupations where there are significant shortages.

I mean, the fact that it almost doubled in a year speaks to a labour market that is crying out for skills. But also, it is an indictment on the failure to plan, invest in education and training to have the skills our labour market, our economy and our employers need and our workforce need so that they can find good jobs.

We do need to make sure, 1) the investment in education and training is in the right places so that we supply the skills needed for our economy now and into the future. And, of course, 2) we need to have a much faster way of delivering on the skilled migration pathways for industries that are crying out for skills. And whether they be nurses or tech worker, baggage handlers. Wherever you look across the economy, there are shortages and it is a very significant priority of this government.

Conditions haven’t changed that significantly.

The government went to the last election saying again and again they would honour the legislated tax cuts.

In the time since we’ve seen in Australia interest rate rises yes ... but we’ve seen an Australian economy that continues to perform very strongly.

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Banks raise interest rates in response to RBA – as it happened

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Australian dollar drops and shares bounce higher on reserve bank’s dovish move. This blog is now closed

Sexual violence rife on dating apps

Dating apps need to better protect their users after a study revealed high rates of sexual violence, stalking, assault and unwanted sharing of explicit images, AAP reports.

This is highly concerning given the significant and potentially long-term impacts associated with these victimisation experiences.

These impacts include poorer health and wellbeing, including overall life satisfaction, social isolation and lower self-esteem, as well as increased risk of re-victimisation.

Considering the long- and short-term implications for victim-survivors after experiencing these harmful behaviours, there is an obvious need to develop mechanisms for protecting users.

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Co-founder of collapsed energy firm Bulb hopes to expand battery business

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Loss-making venture led by Amit Gudka eyes continent as countries move towards using renewable power

The co-founder of collapsed energy supplier Bulb is planning to expand his loss-making battery storage venture into Europe as the energy crisis escalates.

Amit Gudka hopes to develop Field Energy, the business he set up after leaving Bulb in February 2021, on the continent as countries attempt to switch toward renewable power.

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Labor’s deal with gas exporters will lock in high prices, consumer groups say

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Agreement raises concerns transition to lower emissions energy sector will be harder and more expensive

Energy user groups have condemned the Albanese government’s agreement with gas exporters saying it will lock in high prices that will force businesses to close, hurt households and hobble the transition of the electricity sector off fossil fuels.

The resource minister, Madeleine King, on Thursday said the government had signed a new agreement with the big gas exporters from eastern Australia that would ensure there was sufficient supplies to meet local demand.

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AGL will close Victoria’s coal-fired power station Loy Yang A a decade early

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Energy company accelerates its exit from coal, although timeline for closure of Bayswater in the NSW Hunter Valley remains unchanged

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AGL Energy will shut down Australia’s biggest single carbon polluting power plant a decade earlier than planned, changing the closure date of its coal-fired Loy Yang A power station in Victoria from 2045 to 2035.

The company, Australia’s biggest electricity generator and polluter, is accelerating its exit from coal, according to plan released to the stock exchange on Thursday. . The strategy details its transition to renewable energy after opposition from its largest shareholder, billionaire Mike Cannon-Brookes, forced it in May to ditch plans to demerge.

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