Here is a look at what is making news around the country today.
Today’s national news includes Australia telling ASEAN to negotiate a COC on the South China Sea that would also benefit outside parties, opposition saying that the Albanese government is ‘demonising’ the gas industry, Chevron and Exxon seeking state backing for carbon capture and hydrogen projects in Australia, and Australia committing $160 million to build more Bushmasters.
Politics
Consider rights of third parties in COC talks, Australia tells ASEAN
Australia called on the Association of Southeast Asian Nations (ASEAN) to negotiate a Code of Conduct (COC) on the South China Sea that would not impact the rights of outside parties, the Philippine News Agency reported. Visiting Australian Foreign Minister Penny Wong said the country has a stake in the busy sea lane, where trillions of dollars worth of trade pass through annually. The COC is being drawn up by China and members of the ASEAN to serve as an upgraded and more binding version of the 2002 Declaration of Conduct on the South China Sea.
https://www.pna.gov.ph/articles/1201715
Economy
Albanese government ‘demonising’ gas industry
The entire Labor government is demonising Australia’s gas industry, Deputy Opposition Leader Sussan Ley says, Sky News has reported. “We’ve got a resource minister on the west coast … who is talking up carbon capture and storage, we’ve got an energy minister on the east coast, Ed Husic, who’s saying it doesn’t work well, and he’s talking it down. Meanwhile, you’ve got an entire government that is demonising our gas industry.”
Business
Chevron and Exxon seek state backing for carbon capture and hydrogen projects
Chevron Corp and Exxon Mobil Corp, the two largest U.S. fossil fuel companies, are seeking Australia’s backing for carbon capture and storage (CCS) and hydrogen projects as they look to increase investment in a bid to slash the intensity of carbon emissions, Reuters has reported. Support doesn’t just need to be dollars but it’s that political support,” David Fallon, general manager of energy transition at Chevron Australia, said at the Australian Petroleum Production and Exploration Association (APPEA) conference. Australia aims to cut carbon emissions by 43% by 2030 and reach net zero by 2050. It is home to the world’s largest commercial CCS project, Gorgon, run by Chevron, which has struggled to hit capacity.
Australia commits $160m to build more Bushmasters
The Australian government has signed a $160 million contract to build new Bushmaster-protected army vehicles, ABC News has reported. Thales Australia will build more than 70 Bushmasters at its Bendigo facility over the next 18 months. The Australian-made Bushmasters are being used by Ukraine in the war against Russia. “As well as proving to be a life-saving vehicle for the Australian Army, they have been exported to eight nations including the Netherlands, UK, Fiji, Jamaica, New Zealand, and Indonesia,” Thales Australia chief executive Jeff Connolly said.
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