New coal mining tax Down Under

The world’s leading coal exporter Australia passed an “historic reform” which will place a 30% tax on its coal and iron ore mining industry, it was announced this morning. Wayne Swan, Deputy Prime Minister and Treasurer said the decision made last night by Australia’s Senate “will help spread the benefits of the mining boom to […]

Australian CCS project get A$100m (£68m) government backing

A Carbon Capture & Storage (CCS) project in Australia is getting A$100million (£68m) from the Australian government, the country’s Minister for Resources and Energy, Martin Fergusonannounced on Friday. The CarbonNet project aims to capture carbon emissions from power plants, industrial processes and new coal-based industries in the Latrobe Valley and store it in geological basins. […]