Aussie carbon capture projects bag AUD$50m boost energylivenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energylivenews.com Daily Mail and Mail on Sunday newspapers.
Joint media release with Minister for Energy and Emissions Reduction Angus Taylor.
Carbon capture projects will get a boost through the Morrison Government’s $50 million Carbon Capture, Use and Storage Development Fund (the Fund), which opens today.
Carbon capture and storage technologies are one of five priority areas for investment under the Government’s Technology Investment Roadmap.
Minister for Energy and Emissions Reduction Angus Taylor said carbon capture technologies would be critical to achieving net zero emissions from power generation, natural gas and hydrogen production as well as process emissions from heavy industries like cement and fertiliser production.
“Australia has the potential to be a world leader in geosequestration. We have the right geology and storage basins,” Minister Taylor said.
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Backing jobs and exports in north Queensland
Joint media release with Minister for Resources, Water and Northern Australia Keith Pitt, and Senator for Queensland Susan McDonald
The Coalition Government is backing the expansion of a fertiliser company in north Queensland to help grow its exports and create jobs for current and future generations.
Minister for Resources, Water and Northern Australia Keith Pitt said the Northern Australia Infrastructure Facility (NAIF) has now approved a $71 million loan to Agripower Australia Ltd, to upgrade infrastructure and improve access to its mine site near Greenvale, and its processing plant near Charters Towers.
New strategy to drive Australian jobs in resources sector miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
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Inquiry to put spotlight on financial sector’s treatment of resources
Minister for Resources, Water and Northern Australia Keith Pitt has welcomed the Trade and Investment Growth Committee’s inquiry into the financial sector’s treatment of Australia’s export industries.
The Committee, chaired by the Member for Dawson George Christensen, has announced the inquiry’s terms of reference to examine investment decisions of major financial institutions.
“I am pleased that the resources sector will be a key focus of this inquiry that will look into recent announcements by some banks and superannuation companies that they will withdraw investment support for the coal industry,” Minister Pitt said.