EnergyAustralia has admitted that its ‘Go Neutral’ carbon offset product did not prevent or reverse the harms associated with the burning of fossil fuels.
AkzoNobel has had some success in its late bid to have Japanese oil company INPEX produce documents filed in related proceedings against its insurers in their dispute over allegedly defective coating used on the $45 billion Ichthys natural gas project.
EnergyAustralia has reached a settlement with advocacy group Parents for Climate in a suit accusing it of falsely promoting its carbon offset products as carbon neutral.
A geological consultant for gold mining company Beacon Minerals has pleaded guilty to insider trading, while a former project manager for the company maintains he is not guilty.
A judge has vacated a hearing in Energy Resources’ lawsuit challenging a decision not to renew its lease for the Jabiluka uranium mine in the Northern Territory after hearing there were “good prospects” the case could be resolved.
Rio Tinto has signed a $430 million partnership agreement with Japan’s Sumitomo Metal Mining Co. to fast track development of its copper-gold project in Western Australia’s Great Sandy Desert.
Western Power, Ventia, and a property owner found jointly liable for loss arising from the Parkerville bushfire are equally liable to each other for any costs orders in favour of the plaintiffs in the case, after a judge found he could not disturb existing costs orders in a new proceeding.
Gilbert + Tobin has snagged an Allens partner with expertise on major transactions and projects for its energy, infrastructure and resources group.
AGL has sued Siemens for damages stemming from a generator outage at its coal-fired power station in Victoria’s LaTrobe Valley, which the energy company said at the time had resulted in a $70 million profit hit.
Petrol giant Ampol has announced it is exiting the retail electricity market in Australia and New Zealand, divesting its assets to AGL and Meridian to direct its focus towards electric vehicle charging and renewable fuels.