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âSavage blowâ: Coal companies hit back over banksâ flight from fossil fuels
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By Anne Hyland
May 15, 2021
Large Australian banks, superannuation funds and insurance companies are adopting a view that coal, the dirtiest fossil fuel, should eventually be retired as an energy source.
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The politics around coal is treacherous. In the Upper Hunter of New South Wales, a state by-election that could further weaken the ability of Premier Gladys Berejiklian to govern, has become the latest battleground over the future of coal, and the risk to thousands of workers losing their way of life.
Delta flagged early closure of Vales Point coal plant when it rejected federal grant reneweconomy.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reneweconomy.com.au Daily Mail and Mail on Sunday newspapers.
4 March 2021
The Reserve Bank of Australia has confirmed that it will purchase GreenPower matching 20 per cent of its electricity consumption under its contract with Delta Electricity, after saying it would consider sourcing all of its power from renewable sources.
The RBA revealed that it would source just a portion of its electricity needs from GreenPower accredited sources in answers to Questions on Notice posed by Australian Greens leader Adam Bandt, when the Bank appeared before the Standing Committee on Economics Hearing in February.
“The RBA’s supply contract with Delta Electricity includes GreenPower for 20 per cent of the electricity consumed, with the option to increase the share of green power over time,” the RBA said in response to Bandt’s questions.
19 February 2021
Genex has told shareholders that it will need more time to finalise negotiations for the construction of its flagship pumped hydro energy storage project in Queensland, with talks with key project partners still ongoing.
In a statement to the ASX on Friday, Genex said that it would require additional time to reach contractual close on its flagship pumped hydro energy storage project, the latest of a number of delays.
“Following a period of significant activity with all stakeholders it has become apparent that Contractual Close is now anticipated to occur in late Q1 CY2021, with Financial Close and commencement of construction to follow early in Q2 CY2021,” the company said in the statement.