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FTSE 100 dives by over 100 points; Royal Dutch Shell Plc, BP PLC dragged by lower oil prices

FTSE 100 dives by over 100 points; Royal Dutch Shell Plc, BP PLC dragged by lower oil prices
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

FTSE 100 dives by over 100 points; Wall Street slides at the opening bell

FTSE 100 dives by over 100 points; Wall Street slides at the opening bell
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

Work starts on north Queensland pumped hydro project

Pitt was not told that Kaban project he vetoed would include big battery

4 June 2021 Federal resources minister Keith Pitt was not advised that the Kaban Energy Hub project would feature both a wind farm and big battery before he vetoed a $270 million government loan on the basis that it was not dispatchable, department officials told a Senate Estimates hearing on Friday. Project developer Neoen approached the Northern Australia Infrastructure Facility (NAIF) to seek a $280 million loan for the Kaban Energy Hub project that will combine both a 157MW wind farm with a 100MW big battery. The project, to be built in Northern regional Queensland, is expected to support the creation of around 250 jobs during its construction phase.

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