Australia
Investors Pulling Out of the Barossa Gas Project Adds to the Uncertainty
Since its announcement, the Barossa gas project has made the news due to legal disputes over its environmental impact, delays, and rising project costs. In the latest blow, prominent investors and financiers are pulling out their support for the project, leaving question marks about the project's future financing and completion.
SK E&S, K-Sure and Kexim Face Rising and Unquantified Risks With Their Backing of the Barossa Gas Project Off Northern Australia
The Export-Import Bank of Korea (Kexim) and the Korea Trade Insurance Corp (K-Sure) are risking Korean public money by financing SK E&S’ investment in the Barossa gas project off the coast of Northern Australia. The Korean government agencies funding and insuring the Barossa gas project face significant and mounting risks on two fronts – native title and climate-related risks.
Labour Climate Change Policy 2022 in Australia – Ambitious, but Facing Lots of Challenges
Australia is on the receiving end of the harshest impacts of climate change. The IPCC says Australia is racing towards a future of similar or even worse disasters. Labours new climate policy offers hope.
Liberal vs Labour – Who Has the Best Energy Policy in the 2022 Australian Election?
The energy policies of the Labour and the Liberal parties will play a crucial role in determining the outcome of the upcoming election in Australia. The importance of decarbonisation strategies and taking action has never been greater. Judging by the parties' announced plans, they are up for the challenge.
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