LAUNCESTON, Australia - It’s not quite yet a flood but Australian resource companies are increasingly embracing renewable energies into their mining and natural gas operations even in the face of a federal government that veers toward climate scepticism.
There are several other projects being undertaken or in place already, and it seems that momentum is growing among companies to look at ways of reducing the use of fossil fuels in mining and oil and gas operations. Cynics may suggest that resource companies are doing too little too late, and what they are doing is geared more toward public relations, with an element of cost-saving flung in for good measure.
Firstly, renewable energy technologies will only appear in mining and oil and gas operations if they make economic sense. The conservative Liberal-National coalition won a surprise federal election in May, edging out the opposition Labor Party, which had been favored in opinion polls leading up to the vote.
If the companies can get the greening of their operations correct, not only can they save money, but they can also spin a positive narrative that makes them seem part of the solution to climate change, rather than part of the problem.
Fed LNP is stuck with a coal bride Adani Rio Tinto to convert its iron ore trains to hybrid power, the commissioning of a solar power plant at an oil and gas facility operated by Santos in SA state, and battery storage being integrated into ConocoPhillips’ LNG plant in NT
What a nonsense.
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Source: MarketWatch - 🏆 3. / 97 Read more »