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Record low rates deliver competitive advantages to Australia’s biggest banks: regulator

5 days ago DieselGasoil Comments Off on Record low rates deliver competitive advantages to Australia’s biggest banks: regulator
SYDNEY (Reuters) – Australia’s banking watchdog on Friday said record-low interest rates are likely to benefit the country’s “Big Four” lenders over their smaller counterparts due to their better capital position and access to cheaper funds. FILE PHOTO: A man uses his mobile phone as he leaves the Commonwealth Bank of Australia building in central Read More

Heavy winds fan Australian bushfires, disrupt flights

1 week ago DieselGasoil Comments Off on Heavy winds fan Australian bushfires, disrupt flights
MELBOURNE (Reuters) – Strong winds fanned bushfires in two Australian states on Monday, with flames out of control in some areas ravaging thousands of hectares of land, fire services officials said. The heavy winds also hit flights into Sydney, the country’s busiest airport, where one runway was shut for three hours on Monday morning, Air Read More

Oil Search woes in Papua New Guinea throw spotlight on Alaska

1 week ago DieselGasoil Comments Off on Oil Search woes in Papua New Guinea throw spotlight on Alaska
MELBOURNE (Reuters) – With a giant gas project expansion in the tropical highlands of remote Papua New Guinea bogged down by politics, the country’s biggest company, Oil Search (OSH.AX), is turning for growth to the other side of the world in Alaska’s frozen wilderness. Participants pose for a photo with a Papua New Guinea flag Read More

More than 100 Australian bushfires ‘omen’ of severe summer fire season

1 week ago DieselGasoil Comments Off on More than 100 Australian bushfires ‘omen’ of severe summer fire season
MELBOURNE (Reuters) – Australian firefighters battled more than 100 bushfires across two eastern states on Sunday as authorities warned that parts of the country could expected a severe bushfire season this summer. “We’ve never seen this before in recorded history, fire weather has never been as severe this early in spring,” said Andrew Sturgess, an Read More

Australia’s east coast battles more than 100 bushfires, 21 homes destroyed

2 weeks ago DieselGasoil Comments Off on Australia’s east coast battles more than 100 bushfires, 21 homes destroyed
A bushfire rages near the rural town of Canungra in the Scenic Rim region of South East Queensland, Australia, September 6, 2019. Regi Varghese/AAP/via REUTERS MELBOURNE (Reuters) – Australian firefighters battled strong winds and fast-moving blazes on Saturday as they worked to contain out-of-control bushfires that have destroyed at least 21 homes across two states Read More

BHP urges investors to veto resolution against coal lobbying

2 weeks ago DieselGasoil Comments Off on BHP urges investors to veto resolution against coal lobbying
MELBOURNE (Reuters) – Mining giant BHP Group Ltd urged shareholders on Thursday to vote against a resolution that would require the company to quit industry groups that lobby for policies inconsistent with the Paris climate change agreement. FILE PHOTO: Visitors to the BHP (formerly known as BHP Billiton) booth speak with representatives during the Prospectors Read More

DoorDash spreads beyond North America with Australia launch

2 weeks ago DieselGasoil Comments Off on DoorDash spreads beyond North America with Australia launch
SYDNEY (Reuters) – Meal delivery service DoorDash Inc said it will begin taking orders in the Australian city of Melbourne on Wednesday, its first foray outside North America, adding to the competition in the country’s home-delivery service market. The biggest U.S. food delivery company will take on Uber Technologies Inc’s Uber Eats, Just Eats Plc’s Read More

Australia set to beat 2020 clean energy target

2 weeks ago DieselGasoil Comments Off on Australia set to beat 2020 clean energy target
MELBOURNE (Reuters) – Australia has met its 2020 target for generating electricity from large-scale renewable energy a year ahead of plan, the country’s clean energy regulator said on Wednesday, even as wind and solar investment has slowed. FILE PHOTO – Sheep graze in front of wind turbines that are part of the Infigen Energy’s Capital Read More

BHP investors file resolution to cut funding for Australian coal lobby groups

2 weeks ago DieselGasoil Comments Off on BHP investors file resolution to cut funding for Australian coal lobby groups
MELBOURNE (Reuters) – Several BHP Group shareholders, including the Church of England pension fund, are recommending the company suspend its membership in industry groups that advocate for policies inconsistent with the Paris climate change agreement. FILE PHOTO: Visitors to the BHP (formerly known as BHP Billiton) booth speak with representatives during the Prospectors and Developers Read More

Enphase Energy Surpasses One Million Microinverter Shipments to Australia and New Zealand

2 weeks ago DieselGasoil Comments Off on Enphase Energy Surpasses One Million Microinverter Shipments to Australia and New Zealand
MELBOURNE, Australia, Sept. 03, 2019 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, announced today it has shipped more than one million microinverters to Australia and New Zealand. Enphase has experienced steady growth in the two countries since entering their solar markets Read More