Aussies suffer from climate trauma and insurance costs post Lismore floods

A peak oil and gas lobby, which includes dirty fossil fuel giant Woodside, Shell, and BP, continues to argue against the Albanese Government’s signature climate action plan, including its opposition to international offsets. Under a proposal unveiled earlier this year, emissions would be required to fall an average of 4.9% each year across 215 facilities through the end of this decade.

Meanwhile, gas giant Woodside has recorded a record $9.6 billion profit for the full year, reflecting global high oil and gas prices and almost no progress on plans to reduce emissions. 

Plus, a landmark study by The Climate Council, Climate Trauma: the growing toll of climate change on the mental health of Australians, has found more than 80% of Australians have experienced a disaster in the past five years. Of those, half said they’d experienced a mental health issue as a result.

APPEA: Oil and gas lobby warn $600m Albanese Government climate action plan ‘insufficient’
The association has issued the warning in a submission to the Government’s proposed overhaul of the so-called safeguards mechanism.

Woodside’s latest report a ‘fail’ despite profit more than tripling, climate activists say
The energy giant on Monday released its climate report 2022 while also revealing its underlying profit had more than tripled to US$5.2bn ($7.7bn). 

Aussie Suffers from Climate Trauma and Insurance Costs Post Lismore Flood
A landmark study into the mental health toll of compounding and worsening climate change has uncovered widespread distress as Australians grapple with more destructive and deadly disasters and rising insurance premiums.

Coal power problems plunge EnergyAustralia to $1 billion loss
Breakdowns at Victoria’s Yallourn coal-fired power station in the Latrobe Valley and problems sourcing coal for the Mt Piper generator in NSW have pushed electricity and gas supplier EnergyAustralia to a $1 billion full-year loss.

Sea ice collapse at both poles ‘is coming sooner than expected’
Ice sheets at both poles could be about to melt, triggering a rapid sea level rise, if global temperatures cannot be stabilised at 1.8C above pre-industrial levels.