Column: Australia’s renewable energy ambitions dwarfed by coal, LNG juggernaut
Australia can become a renewable energy superpower but a dose of realism on the scale and cost of achieving the goals would be welcome, writes Clyde Russell.
The Biden administration has gotten off to a rough start trying to reassure coal miners and oil workers whose jobs are threatened by the president’s fight against climate change.
A new report suggests that national oil companies could invest $1.9 trillion over the next ten years, meaning one-fifth of those investments would be unviable unless the oil price stayed above $40 a barrel.
Trudeau said it was important to have “a secure supply from a friend and an ally”, noting Canada has many of the rare earths minerals needed for car batteries and solar panels.