AEMO suspends energy market, showing failure and fraud of fossil fuel generators
Thursday, 16 June 2022
The Australian Energy Market Operator (AEMO) has made an unprecedented intervention to suspend trading across the entire electricity spot market, laying bare the greediness of fossil fuel generators, the unreliability of dirty coal and gas, and the failure of a system that fossil fuel companies helped design.
Climate and environment groups have criticised resources minister Madeleine King for supporting the toxic, expensive Narrabi gas development in northern NSW, which is out of step with what climate science demands necessary to limit global heating.
Competition and consumer watchdog the ACCC is cracking down on greenwashing in “problem sectors”, saying it will particularly scrutinise the claims of companies that release net zero targets.
Energy market suspended after chaos made it ‘impossible to operate’
The national electricity market has been suspended as the market operator says it has become impossible to operate within the rules.
Climate groups blast minister’s support of new Australian gas projects as ‘fact-free spin’
Resources minister Madeleine King said new gas fields such as Santos’ Narrabri development in northern New South Wales would help avoid a future power crisis, but we need a transition to renewables, not new gas developments.
ACCC says it’s ready to pursue greenwashers
The competition watchdog will be targeting greenwashers in “problem sectors” proactively rather than waiting for complaints to direct its actions, ACCC deputy chair Delia Rickard says.
Rising petrol prices fuel electric vehicle market boom in Tasmania
Skyrocketing petrol prices have urged many Tasmanians to turn to electric vehicles and their popularity is booming.
Oil giant BP buys 40.5% stake in massive renewable energy and green hydrogen project
Oil and gas giant BP has agreed to take a 40.5% stake in the Asian Renewable Energy Hub, a project expected to span an area of 6,500 square kilometres.