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The operators of the HVO coal mine say the Paris Agreement will deal with the emissions from burning coal. But its business case depends on the Paris Agreement failing.

This week the NT Government has been spruiking the first gas flows coming from fracking in the Beetaloo Basin – claiming that development of the Beetaloo is “forecast to generate more than $17 billion in economic value over the next two decades and support more than 13,000 jobs by 2040”. But a closer look at the numbers reveals they are cherry-picked and misconstrued from a nine-year-old report. 

Mining giant BHP has reported an after-tax profit of US$9.83 billion – a 9% increase on the previous year – while at the same time pocketing around $548 million in rebates under the Fuel Tax Credit (FTC) Scheme, annual financial results released today show.

We set out reforms to the Safeguard Mechanism to deliver and amplify Australia's emissions reduction targets, and why those targets will stay out of reach while fuel subsidies and new fossil fuel approvals pull in the opposite direction.

Extending two Hunter Valley coal mines would risk breaching Australia's international obligations, undermine the NSW net zero target, and rest on proponent-funded modelling that overstates the benefits while ignoring over 99.9% of its climate costs.