Australia Backs $47 Billion Gas Sector's Role in Transition [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
major exporter, the latest shift by the center-left Labor government toward greater support for the fossil fuel. Most Read from Bloomberg The government will release a long-term framework, called the Future Gas Strategy, to establish gas's role in the transition to cleaner energy as it looks to meet a target for net zero by 2050. That will open it up to criticism to pandering to the A$72 billion ($47 billion) liquefied natural gas export industry, which argues that the nation faces a domestic shortfall as new projects have been stalled by onerous regulations. ADVERTISEMENT “The strategy makes it clear that gas will remain an important source of energy through to 2050 and beyond,” Minister for Resources Madeleine King said in a statement. “Gas plays a crucial role in supporting our economy. We will need continued exploration, investment and development.” Prime Minister Anthony Albanese's government was elected in May 2022 with a strong mandate to take tough action on climate
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- 5/14/24 - Form PX14A6G
- 5/13/24 - Form 4
- 5/10/24 - Form SD
- CVX's page on the SEC website