Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media pred 2 urama in 27 minutami The $26m deal involving media executive Bruce McWilliam signifies return to media business for mining billionaire after previous holdings in Fairfax and TenFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina Rinehart, Australia’s richest person, has bankrolled former Seven media executive Bruce McWilliam’s acquisition of an almost 10% stake in Southern Cross Media, which owns the Seven Network, the Triple M and Hit radio brands and West Australian Newspapers.While the unusual arrangement – worth about $26m – does not give Rinehart a direct stake in Southern Cross, she could take control of the shares if McWilliam breaches the terms of their deed, which was published on the ASX on Wednesday. Continue reading...(The Guardian)
BHP admits to stalled emissions reductions as WA premier says miners have ‘moral obligation’ to decarbonise pred 2 urama in 28 minutami Head of BHP’s WA iron ore operations unable to give firm timeline for replacing diesel trucks as leaked documents reveal decarbonisation delayRead more from the BHP files investigation hereGet our breaking news email, free app or daily news podcastA senior BHP executive has admitted the Australian multinational’s push to reduce emissions has been delayed as the Western Australian premier, Roger Cook, said big miners had an “important moral obligation” to decarbonise.An exclusive investigation based on documents leaked to the Guardian and ABC revealed this week that the world’s biggest miner has hit the brakes on decarbonisation, something experts fear could put Australia’s national emissions reductions targets at risk. Continue reading...(The Guardian)
Energy price cap in Great Britain to rise by 13% from July pred 2 urama in 49 minutami Average gas and electricity bill to jump to £1,862 a year from July until end of September, in part because of Iran warHouseholds will face the steepest summer rise in energy charges in four years after months of soaring market prices caused the government’s energy price cap for Great Britain to climb by 13%.Under the cap the average gas and electricity bill will increase to the equivalent of £1,862 a year from July until the end of September to take account of the rise in global energy market prices caused by the war on Iran. Continue reading...(The Guardian)
