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EXPLAINED: 2 | Vintage Vibes

Future gas exploration in Lake Eyre could upset the 'greatest desert river system in the world' forever

The gas industry has been mining Australia's Lake Eyre Basin for decades, but possible future extraction techniques like fracking could devastate its fragile ecosystem.

ABC News

Gas boom could see tax take triple

The gas industry is predicting a tripling in its bill for tax and royalties after windfall profits brought on by high prices prompted by the war in Ukraine.

AAP

Oil and gas industry chases option to buy international offsets instead of reducing emissions under safeguard mechanism

The oil and gas industry pushes to be allowed to buy international offsets to meet emissions reduction requirements under the federal government's new climate change policy.

ABC News

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Oil, gas firms want own terms on emissions

Battlelines are being drawn as the Albanese government considers how to limit greenhouse gas emissions in Australia's gas and oil sectors.

AAP

Origin Energy quitting Beetaloo fracking project an 'indicator' of gas industry’s future, analyst says

Origin Energy's decision to back out of plans to frack for gas in the Northern Territory's Beetaloo Basin could be an early indicator of "fossil fuels falling away", according to an energy analyst.

ABC News

Gas users and experts call for federal crackdown on east coast 'gas cartel'

Surging gas prices are putting a strain on Australian businesses that are calling for governments to step in and take action.

ABC News

Industry says gas from the Beetaloo Basin could solve Australia's energy crisis. Some energy analysts question that claim

The gas industry has its eyes set on developing the Northern Territory's Beetaloo Basin to secure Australia's electricity supply. Some analysts doubt the economics stack up.

ABC News

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Labor asked to reassess decisions about coal and gas projects made by previous governments

One expert says that, if the application reaches the courts, it may set an important precedent, forcing the consideration of climate change in assessments of fossil fuel projects.

ABC News

Can anything be done about the ‘perfect storm’ in Australia’s energy markets?

Russia’s invasion of Ukraine, squeezed gas retailers and a cold snap are combining to put pressure on the grid

The Guardian - AU

Federal government's 'gas trigger' to keep supplies onshore may not be pulled just to put a lid on high prices

As gas prices rocket upwards, the federal government is fielding questions on whether it would use its "gas trigger" powers to force gas exporters to keep supplies onshore. But high prices alone may not be enough to pull the trigger.

ABC News

Australia’s oil and gas regulator criticised after chief hands out environmental ‘excellence’ awards at industry dinner

Regulator says outgoing boss Stuart Smith had no role in selecting winners and was invited to acknowledge his work over eight years

The Guardian - AU

Gas industry and Coalition reach for a get-out-of-catastrophe-free card in climate crisis Monopoly

Carbon capture and storage isn’t working close to a scale that would significantly lower emissions – despite billions in taxpayers’ cash thrown at it

The Guardian - AU

Industry call for Australia to ‘unlock wealth’ of new oil and gas fields at odds with IEA warning

Increasing supply is ‘absolutely part of the solution’ to decarbonising the economy, Appea chair tells conference

The Guardian - AU

New Murray-Darling Basin Authority boss fails to mention environment in all-staff memo

Staff raise concerns after incoming chief executive Andrew McConville emphasises agricultural outcomes in introductory letter

The Guardian - AU

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ABC News

Oil and gas lobby boss to head Murray-Darling Basin Authority, as former LNP politician set to chair river study

A gas lobbyist and a former LNP politician have been appointed to Murray-Darling Basin roles only days out from the federal election being called.

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