STO Well positioned, page-642

Thanks @RVR for this quote from The Australian today.

"AUST Business today (extract):
WIN FOR WHITEHAVEN, MACH AS COURT REJECTS CLIMATE BID
Cameron England
A High Court bid to force Environment Minister Tanya Plibersek to consider climate change issues when approving two major coal mine extensions in NSW has failed, bringing to a close two years of legal claims.
The Environment Council of Central Queensland (ECCQ) has been litigating the matter, dubbed the Living Wonders case, in the courts since 2022, holding up the potential development of Whitehaven Coal’s Narrabri Underground stage three extension and MACH Energy’s Mount Pleasant optimisation project.
On Thursday the High Court declined to hear the environmental group’s case, after it applied for special leave to appeal. This followed a full Federal Court ruling in May that the minister had acted lawfully in her handling of the approvals process.
The Australian reported in June that industry sources said the ongoing court battle was tying up 19 coal and gas projects across NSW and Queensland in total.
Whitehaven Coal and MACH Energy declined to comment on Thursday.

Whitehaven Coal managing director Paul Flynn told The Australian in June that “it is beyond ridiculous that the ECCQ is seeking further indulgence from the approving authority of a case which has been comprehensively considered by the minister and the courts, and rejected”. “The minister has considered the ECCQ’s original reconsideration request, and refused it,’’ he said.
“The Federal Court has considered the ECCQ’s challenge of this refusal, and dismissed it. “The full Federal Court has considered the ECCQ’s appeal of this judgment, and dismissed it unanimously. These processes have taken nearly two years and further delays simply cannot be accommodated” ".




This is another major legal loss, in the High Court, from vexatious (& often taxpayer funded!) green groups, who are regularly trying to delay, by "lawfare", fossil fuel projects.

The federal ALP govt. is obviously aware that the current, & future fossil fuel projects, are absolutely essential for Australia's economic wellbeing.

Ditto the wellbeing of our long & valued trading customers (who crave energy security)- & who provide Australia with extremely valuable foreign exchange earnings. Over the long term, this court Ruling bodes very well for STO, & its SP.