Australia

Oil

Australia to take more time on Shell's BG takeover

Source: 
The Wall Street Journal

The Australian Competition & Consumer Commission will delay until Sept. 17 its decision to approve or reject Shell's proposed takeover of U.K.-based BG Group; the deal was approved by the European Commission on Wednesday, The Wall Street Journal reports.

Australia criticized over greenhouse-gas reduction target

CANBERRA, Australia (AP) — Australia has been criticized over its new greenhouse-gas reduction target which lags behind the ambitions of most wealthy countries.

Lawmakers in Prime Minister Tony Abbott's conservative government on Tuesday agreed on a target of curbing carbon gas emissions to at least 26 percent below 2005 levels by 2030. The target could go as high as 28 percent, Abbott said.

Solar industry angered by Abbott renewable stance in Australia

Source: 
The Guardian

A directive from ministers in Australia to steer the government’s Clean Energy Finance Corporation away from investments in wind farms and small-scale solar projects has moved the Australian Solar Council to launch a campaign to unseat Prime Minister Tony Abbott, The Guardian reports.

Tesla to market batteries in Australia

Source: 
Bloomberg

Tesla hopes to start selling batteries in Australia early next year, in a market Morgan Stanley says may be worth $18 billion and where half of all homes are projected to be using solar power by 2040, Bloomberg reports.

Australia: Emissions up after carbon tax ditched

Source: 
Australian Associated Press

Emissions from Australia’s electricity sector jumped 6.4 metric tons, or 4.3 percent, since the country’s government ended its tax on carbon, Australian Associated Press reports.

Protest plannned against Ex-Im coal project funding

Source: 
The Hill

Environmental groups – including the Sierra Club and Greenpeace – plan a Wednesday demonstration to protest the Export-Import Bank's funding for the Abbot Point coal export terminal project in Australia, The Hill reports.

California looks to Australia for tips on surviving drought

SYDNEY (AP) — California has turned to the world's driest inhabited continent for solutions to its longest and sharpest drought on record.

Australia, the land poet Dorothea Mackellar dubbed "a sunburnt country," suffered a torturous drought from the late 1990s through 2012. Now Californians are facing their own "Big Dry," and looking Down Under to see how they coped.

Carnegie working on improved wave energy technology in Australia

Source: 
The New York Times

The next generation of buoys being designed by Carnegie Wave Energy, based in Perth, Australia, would be 65 feet wide and generate a megawatt of electricity each, four times what the current prototype can produce, The New York Times reports.

Oil

Apache selling Australian subsidiary for $2.1 billion

HOUSTON (AP) — Apache Corp. says it is selling its Australian oil exploration and production subsidiary for $2.1 billion in cash.

The Houston-based company said Wednesday that a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. agreed to buy Apache Energy Ltd.

Climate nearly absent from Australia policy document

Source: 
The Guardian

The white paper on energy published by Prime Minister Tony Abbott’s government only mentions climate once, and says the administration won’t influence market decisions about the use of fossil fuels or renewable energy, The Guardian reports.

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