AustralianSuper targets dirty dozen in Climate Action 100+ push

AustralianSuper targets dirty dozen in Climate Action 100+ push

In a separate development the Australian coal shipments to China are facing customs delays of up to 45 days and one of the country's biggest ports has reportedly banned the commodity altogether, fuelling fears that Beijing will use trade as a political weapon against Canberra. One coal trader told The Australian Financial Review that Dalian…
Origin’s return on equity ain’t that great

Origin’s return on equity ain’t that great

The other big strategic winner for Calabria has been the partly owned LNG exporter APLNG, a veritable cash machine with oil trading at $US55 a barrel. The break-even operating target for APLNG is $US24 a barrel oil equivalent by June 30. The operating leverage in the APLNG business is clear from the fact that about…
The massive contradictions of coal splitting politics and Australian industry

The massive contradictions of coal splitting politics and Australian industry

BHP has already made similar calculations in terms of standing by its existing coal assets but not strongly publicly pushing their role or growth in BHP's portfolio. It prefers to quietly acknowledge the returns while emphasising the need for action on climate change. This included forcing a change of approach and leadership at the Minerals…
Climeworks: this tiny Swiss company can suck CO2 out of air – but it’s pricey

Climeworks: this tiny Swiss company can suck CO2 out of air – but it’s...

Not turning a profit ... yet For the moment, skeptics of Climeworks' business plan are correct: the company is not turning a profit. To build and install the 18 units at Hinwil, hand-assembled in a second-floor workshop in Zurich, cost between $US3 million and $US4 million, which is the primary reason it costs the firm…
Liberal, Labor share the damage of a horror final fortnight

Liberal, Labor share the damage of a horror final fortnight

Lewis indicated he was still unhappy with the merger of the security agencies, his included, under the Home Affairs umbrella and warned the political weaponisation of his agency risked doing it serious damage. Not quite children overboard, or sending the SAS out to point guns at women and children aboard the Tampa, but egregious nonetheless.…
Afterpay share plunge probe explores ‘Chinese whispers’

Afterpay share plunge probe explores ‘Chinese whispers’

Sources close to the company insisted it did not have the contents of the secret report but the firm was being proactive to explain to a jittery market how the Senate standing committee on economics process worked. The Labor-led Senate references committee is not a government-led legislation body and has relatively little influence on changes…
US, Japan look attractive in a world post-franking credit reform

US, Japan look attractive in a world post-franking credit reform

Labor has said should it win the coming federal election, cash refunds for excess franking credits to zero taxpayers, such as retirees, would be abolished. However pensioners receiving benefits as of March 28, 2018, would be not be affected. The opposition has singled out SMSFs as taking a disproportionate amount of the benefit from franking…
Julie Bishop to quit politics at the next election

Julie Bishop to quit politics at the next election

"It is time for a new member to take my place." Including Ms Bishop, there are nine female Coalition MPs in the House of Representatives. Four are in marginal seats and could be gone after the election if there is a swing to Labor. But Ms Bishop, Australia's first female foreign minister and one of…
Glencore motivated by ‘self-interest’ on coal, says resources minister Matt Canavan

Glencore motivated by ‘self-interest’ on coal, says resources minister Matt Canavan

"Call me cynical, but I think their announcement overnight appears to be much more to do with the self-interest of Glencore than the planetary interest of trying to save the climate," Senator Canavan said. "They obviously want to maintain their dominant position, particularly in the seaborne thermal coal market. "Good luck to them. What I…
Stan finds its groove as it hits 1.5m subscribers and moves towards profitability

Stan finds its groove as it hits 1.5m subscribers and moves towards profitability

Viewers come for the headline exclusives — both original and US studio properties — and stay for the expanded library. "You equate that to the amount of people watching the six o' clock news bulletin on Nine. That's the sort of volume of viewing that's happening," Nine chief executive Hugh Marks said. "As a business,…

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