Page 2 - Rob Wheals News Today

Australian Agricultural Company (ASX: AAC) has announced its chief executive officer and managing director Hugh Killen will step down this week, effective immediately.

The energy crisis gripping the east coast of Australia underscores the importance of APA’s A$270mn investment to expand its east coast gas grid by 25%, the company said.

History says a new set of faults is just around the corner. Ageing power plants are like ageing humans – we tend to have more problems as we get older, not fewer.

Jim Chalmers warns inflation will only get worse before it gets better; Anthony Albanese said Indonesia helps Australia diversify trade away from China; Beijing has warned Australia to respect its national security interests following fighter jet incident. Follow updates here.

Owners of APA Group (ASX: APA) shares rejoice! APA's plan to convert a gas pipeline to transport green hydrogen has a new breath of life.

The country’s biggest transporter of gas is looking for other ways to invest in the decarbonising energy system, through electricity transmission and hydrogen.

Rio Tinto CEO Jakob Stausholm says Australia is not building renewable energy fast enough to remove coal-fired power from the electricity grid smoothly.

The investment is expected to enable additional capacity in the Victorian transmission system ahead of gas supply shortfalls highlighted by the Australian Energy Market Operator.

The energy infrastructure company had recognised a non-cash impairment of A$249.3mn last year.

Basslink receiver KPMG has called in the artillery as it ramps up plans to recoup about $700 million owed to the failed group’s banks and other creditors.