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Australia news live: executives reap double-digit pay rises; no need for any new gas projects, report says


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A report on the salaries of ASX chief executives says their pay rose 14%, three times the figure won by staff. Follow the day’s news live

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Australia could stop opening new gas projects and still have enough supply to meet domestic needs for 60 years, claims the Climate Council in a new report calling for a quicker phase-out of the fossil fuel.

Powering Past Gas released today says Australia does not need to open any new gas projects, and instead calls for more rapid changes to the nation’s energy market to reduce the need for gas – such as faster electrification transitions, cutting household and industrial use of gas, and slashing leaks of methane from extraction projects.

Continue reading…A report on the salaries of ASX chief executives says their pay rose 14%, three times the figure won by staff. Follow the day’s news liveGet our morning and afternoon news emails, free app or daily news podcastAustralia could stop opening new gas projects and still have enough supply to meet domestic needs for 60 years, claims the Climate Council in a new report calling for a quicker phase-out of the fossil fuel.Powering Past Gas released today says Australia does not need to open any new gas projects, and instead calls for more rapid changes to the nation’s energy market to reduce the need for gas – such as faster electrification transitions, cutting household and industrial use of gas, and slashing leaks of methane from extraction projects. Continue reading…