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The gas obsession risks undermining Australia’s ambitions to lead the world in critical minerals and clean energy and reduce dependence on China.
The investment house has also flagged an expansion from solar energy to wind power as it works with Mike Cannon-Brookes on the projects future.
The International Energy Agency expects $1.7 trillion to be spent on clean energy this year, with expenditure on solar power exceeding that on upstream oil and gas for the first time. But the best projects will be erected close to the places where their power will be consumed
Australians are fortunate not to have to choose between competing visions of our clean energy future – we can leave it to the rival billionaires to duke it out.
Two of Australia’s richest men have ambitious visions for renewables, but they face some serious hurdles.