Federal Resources Minister Madeleine King has supported carbon capture and storage (CCS) as the way for the industry to reach net-zero emissions. “Traditional commodities, including our energy resources, will play an essential role in supporting Australia’s economy transition to net-zero while also continuing to underwrite energy security for our key trading partners,” King said at the APPEA…
Australian Government Supports Carbon Capture and Storage Witih Scarce Funding
May 18, 2023
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Union Pushes Australian Government to Tax Critical Mineral Exports to China
May 16, 2023
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One of Australia’s largest unions is calling on the federal government to impose a “punitive tax” on exports of unprocessed critical minerals to China to protect the country’s national interest. On May 16, Daniel Walton, the national secretary of the Australian Workers Union (AWU), warned of the risks of exporting raw materials to China without…
Growth With India Is ‘Enormous’: Australian Resources Minister
March 11, 2023
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Australia’s supply of critical minerals to India will be a key aspect of realising the “enormous” potential of the trade relationship between the two nations. Speaking from India, Resources Minister Madeleine King said the country of 1.4 billion people presented a “remarkable opportunity” for Australia, which could make use of its “natural endowment” to work…
Australian Government Strikes New Agreement With Exporters to Secure Gas Supply for Domestic Market
The Australian government has reached a new agreement with major gas exporters to secure sufficient gas supply for the domestic market in 2023. On Sept. 29, Resources Minister Madeleine King signed a new heads of agreement with several large gas companies after weeks of negotiation. Under the new agreement, uncontracted gas would be offered first…
Australia Frees Up Offshore Waters for Oil and Gas Exploration
The Australian Labor government has opened bidding on the rights to explore oil and gas on the newly released 47,000 square kilometres (around 18,000 square miles) of offshore waters. Ten offshore areas across the Bonaparte, Browse, Carnarvon, and Gippsland basins off the coasts of the Northern Territory, Western Australia, Victoria, and Ashmore and Cartier Islands…
Australian Government Extends Gas Security Mechanism to Prevent Shortages
The Australian government will prolong the Australian Domestic Gas Security Mechanism (ADGSM) by another seven years to January 2030 in an effort to improve local gas supplies. Following the federal government’s decision, Resources Minister Madeleine King has said she will issue a notice of intention to implement the mechanism in 2023. “These measures announced today…
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