Energy Transition Under Pressure: Gas Investment Delays, Profit Squeeze, and Renewables Pivot

Uncertainty over Labor's proposed domestic gas reservation scheme has thrown Gina Rinehart's $850 million Belisama gas project into doubt. Hancock Energy, backed by the billionaire mining magnate, had planned a final investment decision by September, but the policy limbo is forcing a potential delay. This highlights the broader tension between energy security goals and investment certainty for new supply projects.

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AGL Energy is navigating a tricky market shift,...