We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.

Tim Buckley, director of Australian thinktank Climate Energy Finance (CEF), noted the actuaries recommend that national and state treasuries should review their analysis methodology to make sure that the costs and benefits of adaptation projects are fairly valued. “Adaptation cost and benefits are spread across stakeholders and whole-of-system resilience matters, so this will need to be led by the government serving the public needs overall, rather than relying on the private market to solve anything, given this is ultimately about outsourcing business costs onto everyone else,” Buckley said. Read more

After increasing their coal production by 60% in the last financial year, Whitehaven Coal has quietly withdrawn their EPBC application for their Blackwater North coal mine extension project. After already achieving approval from the state government, the extension project would have approved an additional 220 million tonnes of coal mining at the Queensland complex with plans to continue mining through 2085. When Whitehaven acquired the Blackwater mine from BHP in 2023, it explicitly stated in ASX disclosures that the mine’s potential life could extend for more than 50 years “dependent on prevailing local and macroeconomic conditions”. Read more

BESS deployments booming Batteries are the biggest disruptive force in global energy markets in 2025. Australia becomes world’s third-largest utility battery market. Rho Motion reports Grid-scale BESS market saw 12.7GWh of new capacity enter operations globally in October 2025, +29% y-o-y. Meanwhile, global YTD deployments have reached 156GWh, +38% yoy. China led new operational capacity with 8.8GWh of utility scale BESS added in the Oct 2025 month – double what Australia will do this year – including one giga-scale vanadium flow battery. Read more