Hopes for climate progress falter with coal still king across Asia | Business

The world’s largest sovereign wealth fund is preparing to leave fossil fuels behind. Last week, Norway’s parliament confirmed by unanimous vote that its $1tn sovereign wealth fund would dump $13bn of fossil fuel investments – and start investing billions in renewables. The move is designed to protect Norway’s state-owned investment fund from the decline in […]

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Nothing new in Coalition’s nuclear awakening. No, wait, perhaps there is | Katharine Murphy | Australia news

Fair warning before we kick off this weekend. Increasingly, I’m reaching that stage of my professional life where I can be heard muttering, and sometimes shouting, I’m too bloody old for this. My long-suffering colleagues in the Canberra bureau of Guardian Australia have absorbed bouts of muttering and shouting over the past few weeks as […]

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As Angus Taylor ducks, weaves and dithers, China zooms past | Simon Holmes à Court | Opinion

The worst part about being lied to is knowing that you weren’t worth the truth. — Jean-Paul Sartre Australia’s emissions have increased four years in a row. Excluding the land sector, our emissions have never been higher. As the gravity of the unfolding climate emergency begins to dawn upon Australians, instead of lies and obfuscation […]

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Traders work the floor of the New York Stock Exchange.

Trump says he’s still considering slapping sanctions on Nord Stream 2

President Donald Trump on Wednesday said he is still considering using sanctions to block a controversial pipeline that would increase natural gas flows from Russia to Germany. “Well, we’re looking at it. People have a right to do what they want to do. I think it’s something that I’ve been looking at and I’ve been […]

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Angus Taylor won’t rule out reversing nuclear energy ban if business case stacks up | Australia news

The energy minister, Angus Taylor, has not ruled out the Morrison government reversing the nuclear energy ban, if a “clear business case” showed the economics were sound as he dodged questions about how Australia would meet its Paris agreement targets. The first energy battle of the new parliament comes from within the party room, with […]

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Australia missing out on huge cuts in emissions through energy efficiency failure | Australia news

Australia could cut greenhouse gas emissions halfway to its Paris agreement target, and save $7.7bn a year in bills, by adopting existing global standards on energy efficiency. From new hot water heaters to better standards for appliances, a new report has found Australia is missing an opportunity to “easily” meet its emissions targets and fight […]

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Standard Chartered warns market has priced in US slowdown

Standard Chartered warns market has priced in US slowdown

Oil traders have “gone too far” by almost completely pricing in an exact equivalence of current U.S. economic conditions with the depths of the global financial crisis, according to the head of commodities research at Standard Chartered. Brent and U.S. West Texas Intermediate (WTI) crude futures have fallen almost 20% since reaching their 2019 peaks […]

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Coalition unlikely to get full tax cut package passed, key crossbencher says | Australia news

The Centre Alliance senator Stirling Griff says it is “most unlikely” the Coalition will be able to pass its full income tax cut package in the first week of July when parliament returns, and has joined Labor’s call for the government to split the legislation. Griff, who is one of two key crossbench senators in […]

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‘Big stick’ energy bill: Coalition MP wants economy-wide power to break up big companies | Australia news

The Nationals MP Keith Pitt has broken ranks to endorse a push by the Centre Alliance to legislate an economy-wide power to break up big companies when the Morrison government’s controversial “big stick” energy package returns to parliament in July. The Queensland National, who has been one of the most vocal advocates of the “big […]

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