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The Australian
 

Good afternoon,

The Albanese government has approved three coal mines in the Hunter Valley, extending employment opportunities in a region expected to be up-ended by Australia’s energy transition, though it is likely to inflame environmentalists.

Australia is on course to add 7GW of new renewable energy capacity this year, nearly twice what was previously anticipated, as large-scale zero emission projects materialise and households and businesses bolt on rooftop solar, according to the Clean Energy Regulator.

Property listings play REA Group has taken on the lessons of BHP’s unsuccessful efforts to navigate the hurdles of UK’s takeover code and has found a pressure point that works. Cash, writes Eric Johnston.

Perry Williams
Business editor
The markets


Commentary
Political ambition may endanger our energy costs for a long time
By ROBERT GOTTLIEBSEN
Business Columnist
The intense political pressure to win the renewables/climate debate is now creating great danger to Australia’s long term energy costs.
Latest news
RBA holds the line as inflation simmers
Holding interest rates steady for a seventh-straight meeting, RBA governor Michele Bullock refused to grant cash-strapped household borrowers relief citing underlying inflation.
JACK QUAIL
BHP better placed for growth than in years
The mining giant’s balance sheet is in fantastic shape and its growth options are much better positioned than they were just a few years ago, CEO Mike Henry says.
By CAMERON ENGLAND
Govt must act swiftly on ‘cheap’ Chinese batteries
Liberal Senator James Paterson has called on the Albanese government to ‘urgently act’ to protect Australian home batteries and solar systems from potentially explosive cyber security attacks.
By JARED LYNCH
Cettire shares soar after auditor signs-off on financial accounts
The luxury online retailer’s shares surge 71 per cent after auditor Grant Thornton signed-off on its 2024 financial accounts following a detailed review.
By JOYCE MOULLAKIS