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

Hot on the heels of a $10m capital raise, a local start-up is tapping investors again as it looks to play a leading role in the development of Australia’s fledgling green steel industry. DryFlow Magnetics is gearing up for new trials of its “dry magnetic separation” process, described as a potentially “game-changing” mineral processing and recovery technology. Development of the technology has been backed by grant funding from the CSIRO and the state government’s Seed-Start program. In a report released in November, think tank Climate Energy Finance suggested DryFlow’s technology could play a key role in unlocking South Australia’s nearly 20 billion tonnes of magnetite resources, which were key to Whyalla’s transformation into a green iron and steel hub. Read more

Bruce Hardy, executive director of Energy Futures, which hosted a ‘Freight Forward’ summit in Canberra two weeks ago to advocate for greater incentives and fewer roadblocks to heavy vehicle electrification, says it doesn’t make sense to spend $10 billion annually “to pad the bottom line of mining operators”. Although farmers are grateful for it, about eight or nine multinational miners are by far the largest beneficiaries. One suggestion (from Fortescue Metals Group and Climate Energy Finance) is to cap the fuel tax credit at $50 million in any year, which would leave it intact for most farmers and small miners while limiting it for large miners. Read more

In March 2026, Australian unions called for Australians to get a more equitable share of the massive windfall profits that are now flowing to multinational oil and gas corporations profiting from the Trump Administration’s renewal of resource imperialism. The ACTU has urged the Federal Government and Treasurer Jim Chalmers to replace the flawed petroleum resource rent tax (PRRT) with a 25 per cent revenue-based export levy on the sale of liquefied natural gas (LNG) from Australia. This is hardly a radical proposition. The call has been supported by shadow minister for industry Andrew Hastie. Last week saw Matt Comyn, the CEO of Commonwealth Bank – Australia’s largest bank – throw his support behind a new exported gas levy gas or PRRT reform, highlighting that the time has now come for the nation to profit from its vast gas reserves, and urging the Albanese Government to ‘push the boat out’ and publicly back reform. Read more