Josh Frydenberg’s apparent shift in thinking on renewables is welcome, but his call to end moratoriums on unconventional gas is profoundly out of step.
Tag: "coal-seam gas"
As SA nears 50% renewables, one company plans to “gasify” reserves of closed Leigh Creek coal mine, in hopes of building “baseload” gas plant.
Oregon becomes 1st US state to legislate to eliminate coal power use by 2025; while NSW introduces new measures against CSG protesters, which it dubs “eco-fascists.”
AGL cites low oil and gas prices for sudden exit from gas exploration and production, and all its coal seam gas assets. Environmentalists hail major victory, as AGL says it wants to focus on “energy evolution”.
The search for CSG is just the latest round in an ongoing contest for the ground beneath our feet.
As state governments and developers scream for approval to dig up their fossil fuel reserves, and mainstream analysts warn about an impending market crunch, the focus is turning to financiers and fund managers on a simple question: Can they get their timing right?
A new report released by Deutsche Bank says the global coal market faces a combined threat of steadily growing supply and a levelling-off or decline in demand. A threat, it says, that should guide rational decision-making to delay all major expansion. But will governments really act rationally?