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The Latest Breaking News from Coal

Coal royalty increase in Queensland state budget blasted by mining industry, resources council

The Queensland government's revamp of how resource royalties are collected draws heavy criticism from the mining industry, but an academic believes it capitalises on coal prices while they are spiking and will not lead to anyone going "out of business".

ABC News

Queensland state budget 2022: modest coal royalty hike delivers little towards energy transition

Analysis: The first lift in coal royalties in 10 years will only provide a fraction of the windfall caused by high fossil fuel prices

The Guardian - AU

Coalmine fined $150,000 for cracking NSW sandstone formations millions of years old

Conservationists say fine will have ‘little impact’ for Centennial Coal which caused 15 cracks, with the largest 250 metres long

The Guardian - AU

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Queensland state budget increases taxes on miners, big business to fund new hospitals and mental health services

Treasurer Cameron Dick hands down 2022 Queensland state budget with plans to hire 9,450 health workers

The Guardian - AU

Queensland budget handed down by Treasurer Cameron Dick, health the big winner with coal royalties increasing

Handing down his third budget, Treasurer Cameron Dick reveals Queensland will deliver a net operating surplus at the end of this month, thanks to surging coal and oil prices and a booming housing market.

ABC News

Why including coal in a new ‘capacity mechanism’ will make Australia's energy crisis worse

Australia’s electricity generators would be paid extra money to be available even if they don’t actually generate any energy, under a new mechanism proposed by the federal government’s Energy Security Board (ESB).

The Conversation

NSW state budget 2022: lessons learned from Coalition election losses

Budget addresses issues for women but economic factors will determine whether it can deliver on promises

The Guardian - AU

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NSW budget: what's in it for Newcastle and the Hunter

Hunter coal mining royalties have helped fuel a massive spending spree as part of a 'once in a generation reform' state budget.

Newcastle Herald

Coal mine fined for 'unacceptable' damage to world-renowned NSW rock formations

A coal mining giant is fined $150,000 for causing surface cracks to rock formations estimated to be up to 10 million years old in NSW's Greater Blue Mountains, with fears more cracks will be discovered.

ABC News

Paul Bongiorno: Peter Dutton still fighting the last election suits Labor

The unequivocal message voters sent the Coalition at the election is completely lost on new Opposition Leader Peter Dutton.

The New Daily

Europe May Shift Back to Coal as Russia Turns Down Gas Flows

Europe's biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled. Germany, Italy, Austria and the Netherlands have all signaled that coal-fired power…

Asharq Al-Awsat

AEMO looks to end energy market suspension

The suspension of the national electricity market could end as soon as this week, under a path forward by the market operator.

AAP

Environment report Coalition didn’t release paints ‘damning story of neglect’, Tanya Plibersek says

Minister will release five-yearly report which she says details ‘alarming story’ of native species extinction and cultural heritage loss

The Guardian - AU

Germany sticks to 2030 coal exit target amid energy worries

The German government says it remains committed to its goal of phasing out coal as a power source by 2030, despite deepening worries about a cut in Russia’s gas supplies

The Independent UK

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Radio France Internationale

Russia closing gas tap exposes French and German dependency on nuclear and coal

Fresh into a new mandate but without a parliamentary majority since legislative elections on Sunday, French President Emmanuel Macron will now have to hammer out an energy policy caught between the gas crisis caused by Russia's invasion of Ukraine and an increasingly vocal green movement. Germany faces similar problems.

StockNews.com

3 Top-Rated Stocks Still Up More Than 50% In 2022

The prospects of more aggressive interest rate hikes to fight the multi-decade high inflation and the fears of a subsequent recession have put the stock market under immense pressure. However, despite the current market downturn, fundamentally sound stocks RCM Technologies (RCMT), Alpha Metallurgical (AMR), and Urban One (UONEK) are up…

The New Daily

‘High-risk’ energy overhaul could prop up fossil fuels, experts warn

Australian consumers may end up paying to extend the lifespan of fossil fuels unless a planned overhaul of the electricity market is handled carefully.

Bangkok Post

Philippines moves closer to building world's largest solar project

Solar Philippines has submitted offers to contract most of its planned 10 gigawatts of projects, including the world’s largest, as the Southeast Asian nation seeks to meet rising demand for electricity while shifting away from coal.

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The Guardian - AU

Chris Bowen says states can decide how to provide backup energy generation but must meet 2030 target

The Energy Security Board recommends paying generators to keep extra capacity in the national grid to reduce the risk of blackouts

The Conversation

Australia has a once in a lifetime opportunity to break the stranglehold fossil fuels have on our politics

In the wake of the Green and Teal wave that crashed through the federal parliament, attention has inevitably turned to what the new crossbenchers will say and do about climate policy.

ABC News

Snowy Hydro's water problem shows how weather is a driver of the energy crisis

Weather extremes have deepened the man-made power crisis in ways that were hard to predict and at times even harder to imagine. Both Snowy Hydro and coal-fired power stations have been impacted by summer rains. And two weeks of extreme cold has only brought the power system closer to the…

AAP

Greens hit back at proposed power plan

Adam Bandt has labelled the Australian energy market "a broken system" after companies withheld power due to supply not being in their economic interest.

ABC News

New 'capacity mechanism' could pay coal and gas generators for reliable electricity supply

A draft plan for a new "capacity mechanism", aimed at ensuring stability in the national electricity grid, could see coal and gas generators paid for reliable power supply.

The Conversation

In the Solomon Islands, Wong takes first tentative steps in repairing a strained relationship

Foreign Minister Penny Wong was no doubt expecting a cooler reception than her three previous visits to the Pacific when she touched down in Honiara last Friday. The Solomon Islands government website had not even listed the Australian minister’s visit – but it did note the first visit of a…

The Guardian - AU

‘Stakes never higher’: energy board releases capacity market blueprint

Energy Security Board says fossil fuel generators might need to be paid to stay in business to retain capacity

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