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Sky News AU
2 hours ago
- Sky News AU
Chevron Energy CEO Mike Wirth rules out additional investment in Australia as the nation struggles to compete globally
The boss of one of the world's largest energy companies has effectively ruled out any additional investment in Australia as the nation struggles to compete globally. Join to watch the full interview live at 11am AEST. Chevron Energy's chairman and CEO Mike Wirth made this stunning revelation on Sky News' Business Weekend as the company celebrates 70 years of operations in Australia. Chevron runs the Gorgon and Wheatstone projects in Western Australia which together deliver about half of the state's gas. Pressed on whether Chevron was looking to further invest in Australia beyond its current projects, Mr Wirth dumped cold water on the prospect. 'We're not looking at anything on the East Coast,' he said. 'In fact, our plans for the foreseeable future would not include expansion of our facilities in Western Australia either. 'We've got backfill fields that will develop over time but given the global competitive dynamics that we talked about earlier, there are likely other places where you're going to see more (gas) trains added before we would add them in Western Australia or on the East Coast.' He also weighed in on the company's struggles with the 'same-work-same-pay' legislation that means some workers at some of its sites could secure pay rises of up to $80,000 per year. 'We'll work with the unions, we'll with the government on these matters, but it is unsettling to investors when changes, significant changes, are made after massive investments are committed,' Mr Wirth said. The Chevron boss' revelation about investment in Australia comes after multiple Australian energy CEOs have lashed out over the various federal and state governments' attitude's towards gas. Santos chief executive Kevin Gallagher publicly lambasted Victoria's attitude toward investment earlier this year. 'If I think about Queensland, South Australia, Western Australia – these are very supportive, very development-friendly jurisdictions. Victoria? North Korea. They're different altogether,' Mr Gallagher told an oil and gas conference in Brisbane. Just weeks later, the chief executive of Beach Energy CEO Brett Woods told Sky News that getting gas projects approved in Victoria had 'been a challenge'. 'Victoria still have had quite a negative policy in terms of what the role of gas is in the state,' Mr Woods said on Sky News' Business Weekend. 'I think the recognition now, with industry shutting down and foreclosures and other things, (is) that they need more gas. 'We're ready to help, we just want to get after our projects so we can move them forward.'


The Advertiser
10 hours ago
- The Advertiser
European leaders back Ukraine after Trump-Putin talks
The joint statement on Saturday from leaders including German Chancellor Friedrich Merz, French President Emmanuel Macron, British Prime Minister Keir Starmer and Italian Prime Minister Giorgia Meloni was issued after Trump briefed them on his talks with Putin. It said the next step must be talks with Ukrainian President Volodymyr Zelenskiy, and that they were ready to work with Trump and Zelenskiy towards a three-way summit with European support. Trump said after his talks with Putin that Ukraine should agree to a deal to end the war with Russia. He said he had agreed with the Russian leader that the best way to do this was to go straight to a peace settlement rather than via a ceasefire, something hitherto opposed by Kyiv and its European allies. The European statement - also signed by EU Commission President Ursula von der Leyen, Polish Prime Minister Donald Tusk, Finnish President Alexander Stubb and European Council President Antonio Costa - said Ukraine must have "ironclad" security guarantees to defend its territorial integrity. "It will be up to Ukraine to make decisions on its territory. International borders must not be changed by force. "Our support to Ukraine will continue. We are determined to do more to keep Ukraine strong in order to achieve an end to the fighting and a just and lasting peace," the statement said. "As long as the killing in Ukraine continues, we stand ready to uphold the pressure on Russia. We will continue to strengthen sanctions and wider economic measures to put pressure on Russia's war economy until there is a just and lasting peace." The joint statement on Saturday from leaders including German Chancellor Friedrich Merz, French President Emmanuel Macron, British Prime Minister Keir Starmer and Italian Prime Minister Giorgia Meloni was issued after Trump briefed them on his talks with Putin. It said the next step must be talks with Ukrainian President Volodymyr Zelenskiy, and that they were ready to work with Trump and Zelenskiy towards a three-way summit with European support. Trump said after his talks with Putin that Ukraine should agree to a deal to end the war with Russia. He said he had agreed with the Russian leader that the best way to do this was to go straight to a peace settlement rather than via a ceasefire, something hitherto opposed by Kyiv and its European allies. The European statement - also signed by EU Commission President Ursula von der Leyen, Polish Prime Minister Donald Tusk, Finnish President Alexander Stubb and European Council President Antonio Costa - said Ukraine must have "ironclad" security guarantees to defend its territorial integrity. "It will be up to Ukraine to make decisions on its territory. International borders must not be changed by force. "Our support to Ukraine will continue. We are determined to do more to keep Ukraine strong in order to achieve an end to the fighting and a just and lasting peace," the statement said. "As long as the killing in Ukraine continues, we stand ready to uphold the pressure on Russia. We will continue to strengthen sanctions and wider economic measures to put pressure on Russia's war economy until there is a just and lasting peace." The joint statement on Saturday from leaders including German Chancellor Friedrich Merz, French President Emmanuel Macron, British Prime Minister Keir Starmer and Italian Prime Minister Giorgia Meloni was issued after Trump briefed them on his talks with Putin. It said the next step must be talks with Ukrainian President Volodymyr Zelenskiy, and that they were ready to work with Trump and Zelenskiy towards a three-way summit with European support. Trump said after his talks with Putin that Ukraine should agree to a deal to end the war with Russia. He said he had agreed with the Russian leader that the best way to do this was to go straight to a peace settlement rather than via a ceasefire, something hitherto opposed by Kyiv and its European allies. The European statement - also signed by EU Commission President Ursula von der Leyen, Polish Prime Minister Donald Tusk, Finnish President Alexander Stubb and European Council President Antonio Costa - said Ukraine must have "ironclad" security guarantees to defend its territorial integrity. "It will be up to Ukraine to make decisions on its territory. International borders must not be changed by force. "Our support to Ukraine will continue. We are determined to do more to keep Ukraine strong in order to achieve an end to the fighting and a just and lasting peace," the statement said. "As long as the killing in Ukraine continues, we stand ready to uphold the pressure on Russia. We will continue to strengthen sanctions and wider economic measures to put pressure on Russia's war economy until there is a just and lasting peace." The joint statement on Saturday from leaders including German Chancellor Friedrich Merz, French President Emmanuel Macron, British Prime Minister Keir Starmer and Italian Prime Minister Giorgia Meloni was issued after Trump briefed them on his talks with Putin. It said the next step must be talks with Ukrainian President Volodymyr Zelenskiy, and that they were ready to work with Trump and Zelenskiy towards a three-way summit with European support. Trump said after his talks with Putin that Ukraine should agree to a deal to end the war with Russia. He said he had agreed with the Russian leader that the best way to do this was to go straight to a peace settlement rather than via a ceasefire, something hitherto opposed by Kyiv and its European allies. The European statement - also signed by EU Commission President Ursula von der Leyen, Polish Prime Minister Donald Tusk, Finnish President Alexander Stubb and European Council President Antonio Costa - said Ukraine must have "ironclad" security guarantees to defend its territorial integrity. "It will be up to Ukraine to make decisions on its territory. International borders must not be changed by force. "Our support to Ukraine will continue. We are determined to do more to keep Ukraine strong in order to achieve an end to the fighting and a just and lasting peace," the statement said. "As long as the killing in Ukraine continues, we stand ready to uphold the pressure on Russia. We will continue to strengthen sanctions and wider economic measures to put pressure on Russia's war economy until there is a just and lasting peace."


Perth Now
10 hours ago
- Perth Now
European leaders back Ukraine after Trump-Putin talks
Several European leaders are pledging to continue support for Ukraine and maintain pressure on Russia until the war in Ukraine ends after a summit in Alaska between US President Donald Trump and Russian President Vladimir Putin. The joint statement on Saturday from leaders including German Chancellor Friedrich Merz, French President Emmanuel Macron, British Prime Minister Keir Starmer and Italian Prime Minister Giorgia Meloni was issued after Trump briefed them on his talks with Putin. It said the next step must be talks with Ukrainian President Volodymyr Zelenskiy, and that they were ready to work with Trump and Zelenskiy towards a three-way summit with European support. Trump said after his talks with Putin that Ukraine should agree to a deal to end the war with Russia. He said he had agreed with the Russian leader that the best way to do this was to go straight to a peace settlement rather than via a ceasefire, something hitherto opposed by Kyiv and its European allies. The European statement - also signed by EU Commission President Ursula von der Leyen, Polish Prime Minister Donald Tusk, Finnish President Alexander Stubb and European Council President Antonio Costa - said Ukraine must have "ironclad" security guarantees to defend its territorial integrity. "It will be up to Ukraine to make decisions on its territory. International borders must not be changed by force. "Our support to Ukraine will continue. We are determined to do more to keep Ukraine strong in order to achieve an end to the fighting and a just and lasting peace," the statement said. "As long as the killing in Ukraine continues, we stand ready to uphold the pressure on Russia. We will continue to strengthen sanctions and wider economic measures to put pressure on Russia's war economy until there is a just and lasting peace."