Queensland Treasurer Declares Coal Plants ‘Will Remain Open' as Long as Economically Needed
The bold statement comes amid bids from energy industry stakeholders for less red tape and environmental restrictions to develop energy sources in Australia.
'[Coal-fired power stations] will remain open as long as it is economically sensible and systematically needed, not [closed on] an arbitrary date to fill a headline for a day,' Janetzki told the Australian Energy Producers conference, in comments obtained by AAP.
'While electrification is a suitable alternative to some of the fuels we currently use, key industries such as heavy transport, mining, construction, shipping, agriculture, and aviation will be impossible to electrify.'
The conference was held in Brisbane on May 27.
A day later, the LNP Crisafulli government opened up nine sites for gas exploration and development, accepting tenders from May 29.
Turbine Turnaround
The comments from Janetzki come barely a day after
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The decision not to allow the 88-turbine wind farm to go ahead was based on submissions from the public, where 473 out of 550 did not support the plan going ahead.
It was subsequently found the proposal did not meet the requirements of the government's new planning laws, which ensure renewable energy projects are assessed by the same approval processes for other resource projects.
'Queenslanders deserve to have a say on any major development in their local community, which is why our government introduced new nation-leading laws to give them a voice on issues that impact that future of their towns,' Minister for Infrastructure Jarrod Bleijie said in a statement.
Calls for Less Restrictions on Traditional Energies
During the conference, former Ambassador to the United States Joe Hockey and Woodside CEO Meg O'Neill also called for less restrictions on traditional energy sources.
'With the new federal parliament elected, it is an opportunity to finally cut red and green tape to simplify and streamline Australia's approval system,' O'Neill said, also urging support for mining exploration across Australia.
Hockey, who appeared via tele-conference from Singapore, said Australia needed to identify more gas and oil opportunities.
'We need to get back to some basic principles that if you have less regulation, if you have less onerous taxes and less tax then you are more likely to grow your economy,' he said.
On May 28, Environment Minister Murray Watt announced Woodside's plans for expanding the North West Shelf gas processing plant in Western Australia beyond 2030
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2 days ago
- Business Wire
Woodside Energy Releases Second Quarter Report for Period Ended 30 June 2025
1 Includes a base purchase price of $206 million plus working capital completion adjustments, based on an effective date of 1 January 2025. 2 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of $10 million in Q2 2024 and -$14 million in YTD 2024. These amounts will be included within other income/(expenses) in the Financial Statements. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements. 3 Q2 2025 includes 0.28 MMboe primarily from feed gas purchased from Pluto non-operating participants processed through the Pluto-KGP Interconnector. 4 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of 0.19 MMboe in Q2 2024 and -0.09 MMboe in YTD 2024. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements. 5 Includes capital additions on property plant and equipment, evaluation capitalised and other corporate spend. Exploration capitalised has been reclassified from capital expenditure to other expenditure. 6 Capital expenditure for Louisiana LNG is presented as a net figure inclusive of cash contributions received from Stonepeak representing their share of the project's capital expenditure to date. Q2 2025 includes a $1,870 million cash contribution. 7 Completion of the transaction is subject to conditions precedent. 8 Includes a base purchase price of $206 million plus working capital completion adjustments, based on an effective date of 1 January 2025. 9 The project has received funding from the Hydrogen Fuelled Transport Project Funding Process as part of the Western Australian Government's Renewable Hydrogen Strategy. 10 Energy supply may include hydrogen, natural gas and/or electricity. 11 Woodside uses this term to describe the characteristic of having lower levels of associated potential greenhouse gas emissions when compared to historical and/or current conventions or analogues, for example relating to an otherwise similar resource, process, production facility, product or service, or activity. When applied to Woodside's strategy, please see the definition of lower-carbon portfolio in Woodside's 2024 Annual Report. 12 Major Project Status is the Australian Government's recognition of a project's national significance through its contribution to strategic priorities, economic growth, employment, or to regional Australia. 13 Targets are for net equity Scope 1 and 2 greenhouse gas emissions relative to a starting base of 6.32 Mt CO 2 -e which is representative of the gross annual average equity Scope 1 and 2 greenhouse gas emissions over 2016-2020 and which may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with a final investment decision prior to 2021. Net equity emissions include the utilisation of carbon credits as offsets. 14 This means net equity for the 12-month period ending 31 December 2025 are targeted to be 15% lower than the starting base. 15 Gas hub indices include Japan Korea Marker (JKM), TTF and National Balancing Point (NBP). It excludes Henry Hub. 16 Capital expenditure includes the following participating interests; Scarborough (74.9%), Pluto Train 2 (51%) and Trion (60%). It excludes the remaining Beaumont New Ammonia acquisition expenditure and Louisiana LNG expenditure. This guidance assumes no change to these participating interests in 2025. This excludes the impact of any subsequent asset sell-downs, future acquisitions or other changes in equity. 17 Q2 2025 includes 1.69 MMboe of LNG, 0.09 MMboe of condensate and 0.05 MMboe of NGL processed at the Karratha Gas Plant (KGP) through the Pluto-KGP Interconnector. 18 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects. 19 Q2 2025 includes 0.28 MMboe primarily from feed gas purchased from Pluto non-operating participants processed through the Pluto-KGP Interconnector. 20 Overriding royalty interests held in the USA for several producing wells. 21 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of 0.19 MMboe in Q2 2024 and -0.09 MMboe in YTD 2024. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements. 22 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects. 23 Overriding royalty interests held in the USA for several producing wells. 24 Purchased volumes sourced from third parties. 25 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of $10 million in Q2 2024 and -$14 million in YTD 2024. These amounts will be included within other income/(expenses) in the financial statements. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements. 26 Includes the impact of periodic adjustments related to the production sharing contract (PSC). 27 Overriding royalty interests held in the USA for several producing wells. 28 Values include revenue generated from purchased LNG and Liquids volumes, as well as the marketing margin on the sale of Woodside's produced LNG and Liquids portfolio. Marketing revenue excludes hedging impacts and cargo swaps where a Woodside produced cargo is sold and repurchased from the same counterparty to optimise the portfolio. The margin for these cargo swaps is recognised net in other income. 29 Referred to as 'Revenue from sale of hydrocarbons' in Woodside financial statements. Total sales revenue excludes all hedging impacts. 30 Excludes any additional benefit attributed to produced volumes through third-party trading activities. 31 Project final investment decisions result in amounts of previously capitalised exploration and evaluation expense (from current and prior years) being transferred to property plant & equipment. This table does not reflect the impact of such transfers. 32 Other primarily incorporates corporate spend including SAP build costs, other investments and other capital expenditure. 33 Capital expenditure for Louisiana LNG is presented at 100% working interest equity. 34 Cash contributions received from Stonepeak represent their share of the project's capital expenditure since the effective date of 1 January 2025. 35 Exploration capitalised has been reclassified from capital expenditure to other expenditure. Exploration capitalised represents expenditure on successful and pending wells, plus permit acquisition costs during the period and is net of well costs reclassified to expense on finalisation of well results. 36 Includes seismic and general permit activities and other exploration costs. 37 Woodside share reflects the net realised interest for the period. 38 The Wheatstone asset processes gas from several offshore gas fields, including the Julimar and Brunello fields, for which Woodside has a 65% participating interest and is the operator. 39 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects. 40 Woodside share reflects the net realised interest for the period. 41 Operations governed by production sharing contracts.
Business Wire
15-07-2025
- Business Wire
Nacha's Payments Innovation Alliance Unveils New Video to Demystify Quantum Payments
RESTON, Va.--(BUSINESS WIRE)--Nacha's Payments Innovation Alliance, a membership program that brings together diverse global stakeholders seeking to transform the payments industry, has released a new educational video, Protecting Payments in the Quantum Era: Prepare for Impact. 'Quantum computing is no longer a distant concept — it's a fast-approaching reality that financial institutions must prepare for,' said Jennifer West, AAP, AFPP, APRP, Senior Director, Payments Innovation Alliance, Education and Accreditation. Developed by the Alliance's Quantum Payments Project Team, the video provides a foundational understanding of quantum computing and its implications for the payments ecosystem. As quantum technology advances, it poses both transformative opportunities and significant risks, particularly to the cryptographic systems that underpin today's secure transactions. 'Quantum computing is no longer a distant concept — it's a fast-approaching reality that financial institutions must prepare for,' said Jennifer West, AAP, AFPP, APRP, Senior Director, Payments Innovation Alliance, Education and Accreditation. 'This video is designed to help financial institutions understand the urgency of quantum-safe strategies and the steps they can take now to future-proof their operations.' The video introduces viewers to the fundamentals of quantum computing, highlighting how it differs from classical computing in its ability to process complex calculations at unprecedented speeds. It also delves into the potential impact of quantum advancements on encryption and data security, emphasizing the vulnerabilities of current cryptographic systems. The video also underscores the urgency for financial institutions to begin transitioning to quantum-resistant cryptographic methods and calls for industry-wide collaboration to ensure a secure and resilient payments infrastructure that is prepared for the quantum era. This video is part of the Alliance's broader initiative to educate and equip the financial services sector with tools to navigate quantum technologies. It builds on the foundational insights presented in the project team's white paper, Protecting Payments in the Quantum Era: What You Need to Know, which explores the threats and opportunities quantum computing presents to the payments industry. The Payments Innovation Alliance's Quantum Payments Project Team develops education and resources explaining quantum computing's potential impact on the payments industry. To download the paper, learn more about initiatives or join the Payments Innovation Alliance, visit Organizations interested in joining the Alliance should visit About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
Yahoo
04-07-2025
- Yahoo
Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Advance Auto Parts (AAP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Advance Auto Parts is a member of the Retail-Wholesale sector. This group includes 204 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Advance Auto Parts is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 19.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, AAP has moved about 9.2% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 5.2% on average. This means that Advance Auto Parts is outperforming the sector as a whole this year. Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Cracker Barrel Old Country Store (CBRL). The stock has returned 26.5% year-to-date. In Cracker Barrel Old Country Store's case, the consensus EPS estimate for the current year increased 11.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, Advance Auto Parts belongs to the Automotive - Retail and Wholesale - Parts industry, which includes 7 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 13.3% this year, meaning that AAP is slightly underperforming its industry in terms of year-to-date returns. On the other hand, Cracker Barrel Old Country Store belongs to the Retail - Restaurants industry. This 39-stock industry is currently ranked #92. The industry has moved +2.3% year to date. Advance Auto Parts and Cracker Barrel Old Country Store could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
