Roll the tape. Iron-ore giant Fortescue is speeding up its switch to green iron because CEO Dino Otranto told investors that the Pilbara must help China decarbonise steelmaking in order to stay competitive. Otranto said on the company’s earnings call that work on Fortescue’s Green Metal project at Christmas Creek is going well and that
The worst treasurer since Jim Cairns, and the dumbest since Wayne Swan is certainly not the unluckiest. Having squandered incredible national income windfalls as record inflation outbreaks, slaughtering real incomes, Treasurer Jim “chicken” Chalmers is ready to ride another unlooked-for river of gold flowing into his backside. This time, it is literally a river of
Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air, on China’s record solar and wind build, and why clean energy is now driving more than a third of the country’s economic growth.
About a third of practicing American Christians say the spiritual advice they get from artificial intelligence is just as good as that from a pastor, with practicing Christians more likely to agree with this notion than non-practicing Christians and non-Christians, according to new research from the Barna Group.
Business Council of Australia Chief Executive Bran Black delivered a keynote address to the Universities Australia Solutions Summit that repeated the same old myths and fallacies about the vital importance that international students play in the Australian economy. Is international education a major economic pillar? Black claims that international education is a major economic pillar:
TME with the charts. NVDA blowout revenues were not good enough. Semiconductors are flirting with a top. Could the next AI victim be capex spend and hardware? Open AI cutting investment was a bad sign. If so, watch out for the red-hot semi-bourses in Asia. Sell semis and buy software? How big are those cojonies?
The post AI shock spreading to economic shock? appeared first on MacroBusiness.
Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035. This is one of the most ambitious renewable energy targets in Australia and globally, designed to accelerate the state’s transition away from cheap brown coal toward cleaner energy sources, such as wind and solar. The Renewable Energy (Jobs and
As early works – and a legal challenge – get underway for Marinus Link, the cost to consumers of the existing interconnector, Basslink, has been determined.
The post AER sets cost to customers of Basslink, as troubled interconnector transitions to regulated asset appeared first on Renew Economy.
The Alberta electricity company Capital Power, which is developing a large new AI data centre in the province powered by natural gas, lobbied the federal Mark Carney government dozens of times last year to eliminate clean energy regulations, DeSmog has learned.
Carney Allowed Gas-powered AI Data Centres After Lobbying From Alberta Energy Company
The Grattan Institute argues that NSW could make 1 million additional homes feasible to build by copying Victoria’s planning rules that allow terraces and three‑storey apartments “as of right” across most residential zones. This would remove councils’ ability to block low‑rise infill housing that already meets clear design standards. Victoria now allows terraces, townhouses, and
The ferrous complex closed the jaws again yesterday. However, the first major data dump post-LNY was bad. CISA mid-February output was up but far below last year. Worse, steel inventories skyrocketed 20% and are far above 2025. Some of this will be CNY and Two Sessions distortion, but with a weak demand outlook in H1,
The post Iron ore begins the year badly appeared first on MacroBusiness.
The usual suspects are putting the boot in as One Nation has proposed a new royalty on Australian gas production, aiming to raise $10bn–$13bn annually by charging producers $1.70–$2 per gigajoule based on output rather than profits. Economists say that even though the party says the plan will “end the rort” on natural gas supplies,
9:00 – The draft redistribution of Tasmania’s five federal electorates is due to be published later today. I expect it to come out before midday.
Tasmania is guaranteed five federal electorates even though its population currently only justifies the entitlement to three electorates. For this reason, Tasmania will be unaffected by any parliamentary expansion.