Elouise Fowler

The electricity and gas giant will not proceed with a project in the Hunter, which had been shortlisted for funding as part of Labor’s $2 billion incentive scheme.

Sanjeev Gupta’s empire is showing further signs of distress as creditor defaults tick up against his other businesses in Australia, InfraBuild and Tahmoor coal.

The sharemarket operator faces a maximum fine of more than $500 million if found by the Federal Court to have made misleading statements about the project.

The East Asian nation is gradually increasing its exports of energy technology to diversify its economic base and strengthen its geopolitical influence.

However, the company says it is still on track to reach its self-imposed 2030 emissions target without buying carbon offsets.

Labor’s flagship renewable energy scheme could undermine the economics of gas power in the National Electricity Market.

Origin may not need to tap the $225 million compensation fund unveiled by the NSW government this week.

Local miners are torn between their dominant customer and investor over two decades, and the lure of subsidies from the US, Australia’s biggest defence ally.

The extra gas will need to be delivered from the northern states from a retooled national gas network or LNG import terminals.

The commercial explosives maker has reported a 10 per cent increase in earnings, beating analyst estimates.