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OIL AND GAS
Albanese vows to make Australia a renewable energy 'superpower'
by AFP Staff Writers
Sydney (AFP) May 21, 2022

Australia's opposition leader Anthony Albanese vowed Saturday to make the country a renewable energy "superpower", after claiming victory in national elections.

"We can take advantage of the opportunity for Australia to be a renewable energy superpower," said the centre-left Labor Party leader.

Albanese has promised to cut carbon emissions by 43 percent by 2030 from 2005 levels, boost renewables, offer discounts for electric cars, and help build community-owned solar power and battery projects.

His party also plans to tighten up a mechanism to ensure polluters keep their emissions below historical levels.

But Labor has made no promise to close coal mines in the fossil fuel-dependent nation.


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OIL AND GAS
Russia may cut gas to Finland soon: energy group
Helsinki (AFP) May 17, 2022
Russia may cut gas supplies to Finland soon over the Nordic country's refusal to pay Gazprom in rubles, Finnish state-owned Gasum said on Tuesday. Gasum said it would take its dispute with Gazprom Export to arbitration, a move that risks angering neighbouring Russia further as Helsinki prepares to submit its NATO membership bid on Wednesday. "Gasum considers there to be an increased risk of the natural gas supply ... being halted, and consequently the import of natural gas from Russia to Finland ... read more

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