WHC whitehaven coal limited

Target $18.72, page-9085

  1. 1,652 Posts.
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    Thanks @Teddyward for this link Post #:73765156 (Warning: Long Read).

    Federal Resouces Minister Madeleine King, on 9.5.25, provided a Media Release "Australia's Future Gas Strategy".
    She states


    "Where Australia goes from here

    Immediate actions arising from these principles include:
    ...

    • updating Commonwealth retention lease policies to encourage more timely development of existing gas discoveries, and considering a firmer ‘use it or lose it’ policy...
    • continuing to release offshore acreage for greenhouse gas storage
    • establish a new Transboundary Carbon Capture and Storage (CCS) Program which will provide options for energy security and carbon management solutions for our regional partners"...

    Some ALP officials previously decried Carbon Capture & Storage solutions, re being, allegedly, economically too costly, & technically, unproven.
    It appears now, however, that the Federal ALP govt. accepts that CCS does offer reasonable prospects of solving, efficiently, the problems of CO2 emissions from fossil fuels.

    If the Federal ALP supports successful CCS for, specifically , coal emissions also, then this will be a massive boost for thermal & met coal; & WHC SP, & coal prices, would be expected to rise (as coal demand would grow).
    Last edited by Montalbano: 10/05/24
 
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