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Australia's biggest corporate greenwashers revealed: new report

The majority of net zero commitments made by major Australian companies have been described as 'corporate greenwash', with new analysis from Greenpeace. ....

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EnergyAustralia to close Yallourn coal plant in 2028, to build massive big battery

10 March 2021
EnergyAustralia will close the Yallourn Power station four years earlier than planned, announcing an accelerated closure date of mid-2028 as coal generators face the impacts of falling electricity prices and the rising costs of maintaining ageing infrastructure.
EnergyAustralia had previously indicated that the power station would close in 2032, when the power station is expected to exhaust its supplies of coal from the Yallourn mine, but analysts have said the rapidly changing market and the ageing generator’s inability to handle flexible output would likely mean an early closure.
EnergyAustralia announced that as part of the closure plans, a new big battery facility would be built at Jeeralang in the Latrobe Valley, with 350MW of capacity and up to four hours of storage. ....

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Australia risks $US43b of 'stranded' pipelines

Australia risks $US43b of âstrandedâ pipelines
Feb 2, 2021 â 11.01am
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Australia has $US43 billion ($56.2 billion) of gas pipelines under construction or planned that are at risk of becoming âstranded assetsâ as the world works towards carbon neutrality by 2050.
The findings from pressure group Global Energy Monitor put Australia as the fifth most exposed country to the risk of stranded pipelines, after China, the US, India and Russia.
The not-for-profit organisation, whose backers include the European Climate Fund, found that after a decade-long slowdown in growth in oil and gas pipelines, more than $US1 trillion of projects are still under development around the world, undermining the quest to reach net zero emissions. ....

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