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The Latest Breaking News from Coal

Minerals Council slams price cap as data confirms state power stations paying well under export prices

Current prices mean much power station coal already under price cap

Newcastle Herald

Energy ministers to tackle skyrocketing power prices ahead of national cabinet meeting

A lot of eyes will be on energy ministers today, as they take part in the first of two meetings this week between state and federal decision-makers focused on how to avoid skyrocketing power prices.

ABC News

Australian energy ministers to agree on promoting battery uptake but views on price caps differ

Gathering of state and federal officials in Brisbane on Thursday not expected to result in consensus on proposed price caps on coal and gas

The Guardian - AU

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UK eases ban on new wind farms, considers OKing coal mine

Environmental groups have welcomed a decision by Britain’s Conservative government to lift its opposition to onshore wind farms

The Independent UK

Pleasing none, Albanese presents consensus position on rising power bills; gets tentative tick

Anthony Albanese has ultimately stepped in for the consumer on energy, but limited the fallout to industry.

The New Daily

Commentary: The G-7′s price cap gamble on Russian oil is an untested idea

The United States and its allies in Europe have spent the last 10 months turning the screws on the Russian economy in retaliation for Vladimir Putin’s war on Ukraine. The Western coalition blocked Russia from accessing around half of its more than $600 billion in foreign reserves, disconnected multiple Russian…

Chicago Tribune

Politics with Michelle Grattan: Energy crisis has 'badly damaged' social licence of coal and gas

Australians are currently confronting a cost of living crisis that includes soaring energy prices. Ministers have been working for weeks on a strategy to contain the prices of coal and gas, driven up by the fallout from the Ukraine war.

The Conversation

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TVA pilot project in western Ky. to put solar farm on coal ash landfill

WEKU

Queensland's coal royalties up $2 billion due to 'distorted global energy markets'

Queensland predicting an extra bump in coal royalties, after lifting a decade-long freeze on rates.

ABC News

Imminent Cumbria coalmine decision likely to cause new Tory split

Expected approval for coalmine opening could provoke backlash from party’s many opposing voices

The Guardian - UK

New Cumbrian coalmine would prove UK hypocrisy, say experts around world

Activists and experts say green light for coal would show UK’s ‘posturing, double standards and broken promises’

The Guardian - UK

Stoking the fire

A music studio is a burst of colour and culture in an unlikely place — one of Australia's most controversial coal mines.

ABC News

More than Ukraine war to high coal prices as debate over price caps continue

Why price controls might not work when coal supply is so short

Newcastle Herald

Coal gets Queensland budget back in black

Queensland will seek compensation for capping domestic coal prices, as exporters warn the state's own higher royalty charges are "killing the golden goose".

AAP

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The Guardian - AU

Queensland royalty rises for coal now expected to provide $3bn windfall

Treasury had initially predicted the new system would increase revenue by $765m this financial year

The Independent UK

Mongolians protest alleged theft of coal sold to China

Protesters have tried to force their way into Mongolia's State Palace, incensed by allegations of corruption linked to the coal trade with China

The New Daily

Albanese has COVID but only one real headache – and the stakes are high for your budget

Anthony Albanese needs to bring premiers on board with a government plan to tame skyrocketing energy bills.

The Guardian - AU

Federal Labor prepared to compensate states in effort to drive down energy bills

Commonwealth to compensate states for imposing cap on coal prices, treasurer says, meaning bill relief for Australian households in first half of 2023

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Al Jazeera

Protesters in Mongolia try to storm state palace

Thousands gathered to demand action over the economy and surging inflation amid a simmering corruption scandal.

The Guardian - AU

Anthony Albanese says postponing energy market meeting with premiers won’t delay power price relief

The prime minister, who is isolating with Covid, says putting off national cabinet by two days will not affect timing of proposed intervention

Newcastle Herald

NSW seek details of coal price cap plan: 'We can't play whack-a-mole in energy policy'

Ahead of a key energy meeting between federal, state and territory leaders, NSW Treasurer Matt Kean is calling on the prime minister to provide a detailed plan for a potential cap on coal prices.

AAP

PM flags 'constructive' power price talks

The prime minister is confident he and state and territory leaders will be able to find a solution to the nation's energy price hikes at a key meeting.

The New Daily

Private profits and public pain: It’s well past time for action on fossil fuels

No other industry has caused such significant economic hardship for 21 million Australians, all the while banking unprecedented profits.

The New Daily

Paul Bongiorno: Albanese is heading in the right direction – the same can’t be said of Dutton

Peter Dutton is placing great store on Albanese and Labor failing to deliver on promises to have the Coalition back in power after one term.

AAP

Call to cap diesel rebate, sting oil firms

Experts warn subsidies for coal- and gas-fired plants could derail cleaner, cheaper power as energy ministers prepare for crucial talks in Brisbane on Thursday.

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