Letter from Australia: Labor victory positive for CCS
Australia’s upstream industry could be poised to benefit from the election of a Labor government for the first time in almost a decade
The Australian federal election on 21 May removed the Liberal-National government that had held power since 2013, the past four years of which under Prime Minister Scott Morrison. As of 26 May, the Australian Electoral Commission had called Labor as the winner with 75 seats and votes still being counted. The party needs just 76 seats to form a majority government, and it appears almost certain to gain the numbers needed to govern without the support of crossbenchers. Climate change was a key issue for voters. The outgoing government only last year reluctantly committed to reaching net-zero emissions by 2050 and reiterated its 2030 target of 26-28pc below 2005 levels in the face of strong dom
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy






