Energy & Natural Resources

A judge has said ASIC should have known that its case against four TerraCom directors over statements made to investors had no prospects of success, calling one of its submissions “unworthy of the corporations regulator”.

The administrators of the company claiming to own the Whyalla Port have more time until a second creditors meeting to investigate a proposed DOCA as well as a $1.3 billion proof of debt served by Whyalla steelworks operator OneSteel.

The federal government is leaning into renewable hydrogen to decarbonise Australia's heavy industries, providing up to $432 million to explosives and ammonia manufacturer Orica for its Hunter Valley hydrogen hub.

ASIC has filed action against Delta Electricity, owner of the Vales Point coal-fired power station in NSW, alleging “deliberate and calculated” manipulation in the market for electricity futures contracts. 

Jones Day has lured a real estate expert from Clayton Utz to join its Brisbane office as a partner.

The corporate regulator has brought action against three companies in Sanjeev Gupta's steel empire, alleging the businesses have defaulted on their obligations to lodge annual financial reports.

In a first, the federal government has filed proceedings against a foreign investor and its former associate for alleged non-compliance with orders to divest their interests in rare minerals miner Northern Minerals.

Companies in Sanjeev Gupta's steel empire, including the collapsed owner of Whyalla Steelworks, has been hit with action for allegedly failing to lodge annual reports with ASIC.

The competition watchdog has brought proceedings accusing Australian Gas Networks of greenwashing by running ads containing unqualified statements that renewable gas will be available to households within a generation. 

Allens has represented a renewable energy joint venture between infrastructure investor Igneo Infrastructure Partners and developer CleanPeak Energy in securing financing.