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Fossil fuels

Yesterday

In pictures: March 2026

This month conflict in the Middle East starts to show its effects on Australia. Our photographers have captured moments that mark this time in history.

This Month

We need to get off fossil fuels to get to net zero, and transport contributes 20 per cent of our emissions.

We must avoid future fuel supply disruptions by planning now

The continuing economic impact of the energy crisis is unclear, but we should develop and implement a strategy to deal with the world as it is likely to be.

As the only IEA member who doesn’t meet its 90-day obligations, Australia is especially vulnerable to the oil shock gripping global markets.

IEA tells drivers slow down or take the bus as oil crisis bites

The fuel crisis gripping global energy markets could force Australia to choose between international recommendations and local economic reality.

Petrol prices soared, hitting $2.50 at some stations on Thursday. A crunch in Brent crude supply has threatened shipments of fuel.

Work from home and limit flights, urges IEA, as fuel crisis deepens

The International Energy Agency warning came as major companies reworked pricing and supply chains to withstand a drawn-out Middle East conflict.

Drivers filling up at a service station in Neutral Bay.

Australia’s top crude supplier warns of fuel export risk

Malaysia has warned shipments to Australia could be disrupted if the conflict in the Middle East drags on, saying it may need to prioritise its own needs.

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Coking coal mine in Bargo, NSW

NSW first to ban new coal mines

Minns government ban on new greenfield coal mines labelled ‘disappointing’ and ‘perplexing’, but openness to extension of existing mines wins support

Australia holds barely half the oil reserve it is obliged to have in case of a global emergency.

Running empty: the never-before-seen problem keeping CEOs up at night

COVID-19 put executives through their paces, particularly when it came to supply chains. But the unfolding oil shock is a whole new challenge.

Tugboats and barges transporting coal are moored on the Mahakam River in Samarinda, East Kalimantan, Indonesia.

Coal miners eye price windfall as Indonesia plans export curbs

Prices for the most unfashionable energy commodity are at a 16-month-high, and Australian coal miners could be about to benefit from Indonesian export controls.

President Donald Trump declared on social media that “hopefully” America’s allies, along with China, would send warships to help get oil flowing again through the critical transit lane in the Persian Gulf.

Rate rise could be just the start, as Trump’s war turns desperate

The Reserve Bank’s expected decision to raise rates on Tuesday is likely to be just the beginning of protracted pain for Australia, as petrol prices compound its domestic inflation problem.

Cropping farmer Nick Emin is facing weeks-long delays for diesel.

Farmers on three-week waiting list for diesel as panic buying surges

Grain farmers face weeks-long delays for diesel on the eve of the critical seeding period as the Middle East crisis hits fuel availability.

January

Labor targets $10.8b fuel tax credit scheme

An influential grassroots Labor group has launched a national campaign in a bid to push the Albanese government to curtail the lucrative rebate for miners.

December 2025

Channel Infrastructure’s Marsden Point import terminal in New Zealand.

Kiwi interloper prowls for jet fuel, diesel acquisitions in Australia

New Zealand’s biggest fuels importer listed on the ASX in December in a move CEO Rob Buchanan says will tap into investor demand for listed infrastructure stocks.

November 2025

Leader of the opposition Sussan Ley in the House of Representatives on Friday.

Coalition to target native forests in attack on Labor’s green laws

Liberal leader Sussan Ley is heading the Coalition charge as it tries to exploit grievances about Labor’s forestry deal with the Greens.

Climate Change Minister Chris Bowen in Question Time this week.

Real-world tests make it harder for car makers to meet emissions rules

A SUV by Chinese car maker Chery and Toyota’s popular Camry hybrid showed the biggest gap between lab testing and real-world results.

cheaper.
A continued focus on improving aircraft and engine efficiency is a more pragmatic way to reduce aviation’s carbon impact.

Net zero aviation fuel shouldn’t take off

There are cheaper and less environmentally damaging ways to decarbonise jet travel.

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Santos Moomba carbon capture and storage project.

Santos wins in record credits for carbon capture

Santos’ flagship carbon capture project in South Australia is setting records one year into operation, but CEO Kevin Gallagher wants the government to do more.

October 2025

Brookfield Asia Pacific CEO Stewart Upson.

Brookfield, Powerco to pay $1.8b for NZ energy distributor Clarus

The sale process benefited from a dramatic change in the New Zealand government’s approach to fossil fuels.

September 2025

Big super’s stepped up to fund expansion of a renewable energy group.

The government has a tough climate policy task

Readers’ letters on the need for social licence for climate policy, energy security, Trump’s paracetamol claims, Albanese in New York and Nvidia’s AI deals.

Forestry deal boosts green fuel start-up’s $1.8b project

HAMR Energy plans to develop a $1.8 billion facility at Portland on Victoria’s west coast to power aviation and shipping.

New Hope chief executive Rob Bishop says the government should be mindful of the coal industry’s economic contribution.

Australia ‘should be the main supplier’ of coal as demand grows

The coal miner’s chief executive Rob Bishop urged the government to set “sensible” climate targets for 2035.