ASB owner faces Permian project questions
29 Jun 2020
ASB BANK owner the Commonwealth Bank of Australia faces questions from shareholders over its lending for gas projects, including the $3 billion Permian Gas highway pipeline in the United States.
In New Zealand, subsidiary ASB is a member of the Climate Leaders’ Coalition which has pledged to support the Paris Agreement goal of limiting warming to 1.5deg.
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Story copyright © Carbon News 2020
Gas supply reducing faster than forecast
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By Liz Kivi | Gas reserves have reduced 27% as of 1 January 2025 compared to last year, according to data released today by the Ministry of Business, Innovation and Employment.
Surge of lobbying over electricity sector review
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Jostling and lobbying have intensified ahead of the release of a review into the electricity sector.
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By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
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By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
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Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
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The Business NZ Energy Council (BEC) welcomed the Government’s gas announcement as signalling “willingness to deal with parts of the issue from an energy supply perspective and aims to rebuild confidence in the sector”.
Govt consulting on hydrogen
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The government is consulting on proposed regulatory options for the development of naturally occurring and orange hydrogen.
Public distrust over electricity sector
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A poll found that nearly half of New Zealanders feel more concerned about their power bill than last year and believe breaking up the electricity gentailers could improve competition.
Flick flicked on
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There is a certain irony that one of the most vocal and public critics of the gentailers and the electricity market – Flick Electric – has been taken over by the largest gentailer – Meridian Energy.
Methanex closure comes early this year
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The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
