Latest news with #CopperString
The Age
2 days ago
- Business
- The Age
Brisbane news live: First budget announcement today with multibillion-dollar pledge
Latest posts Latest posts 7.20am First budget announcement today with multibillion-dollar pledge The government's first budget announcement is set to be made today, with billions reportedly earmarked for a major energy project. Nine News has revealed $2.4 billion will be spent in the next four years on the CopperString development in North Queensland. Loading The project is slated to link renewable energy zones in the state's interior with the energy grid. It is due to be completed in 2032, and could cost almost $14 billion in total. Political editor Tim Arvier says the $2.4 billion announcement will go towards setting up a giant copper powerline in the east section of the development. 7.14am The big chill … continues Residents of our River City have again shivered through the night, with the temperature in Brisbane plunging overnight. With an official recorded temperature of 10 degrees last night, at least today is expected to be warmer than Thursday – a sunny day and a forecast 23 degrees are on the cards. And some comfort for the weekend: the lowest temperatures for Saturday and Sunday should stay in the double digits. Here's the outlook for today, the weekend, and early next week: 7.12am While you were sleeping Here's what's making news further afield this morning: Tension between Donald Trump and his former 'first buddy' Elon Musk has erupted into open warfare, with the US president suggesting Musk has a version of 'Trump derangement syndrome', and Musk sensationally announcing Trump is named in the Jeffrey Epstein files. A hidden announcement from the State Department about consequences for foreigners 'complicit in censoring Americans' has sparked a new level of global interference not seen from America since the end of the Cold War. Peter Hartcher asks, is this the beginning of a new level of interference? US beef could be allowed into Australia for the first time in decades through a biosecurity rule review to secure the removal of tariffs as Prime Minister Anthony Albanese prepares to meet President Donald Trump later this month. The questions came thick and fast, and the denials did too, as on Thursday. 6.53am The top stories this morning Good morning, and welcome to Brisbane Times' live news coverage for Friday, June 6. Today we can expect a sunny day and a top temperature of 23 degrees. In this morning's local headlines: The two housemates of missing Queensland teenager Pheobe Bishop have been charged with murder, as her mother has described how the family's world has been shattered. James Wood, 34, and Tamika Bromley, 33, are due to appear at court this morning. Attracting bigger events, more business tourism and new product development will be Brisbane's focus for the next 20 years, as the government continues to cement its plan to grow the state's tourism industry. Seven years out from the Brisbane 2032 Games, one question remains stubbornly unanswered: What is happening with our mascot? Three men accused of murder by drowning two people in a toolbox drank whiskey and played video games while they held their alleged victims captive, a jury has heard. As the Reds attempt to overcome the powerhouse Crusaders in their Super Rugby quarter-final tonight, Queensland five-eighth
Sydney Morning Herald
2 days ago
- Business
- Sydney Morning Herald
Brisbane news live: First budget announcement today with multibillion-dollar pledge
Latest posts Latest posts 7.20am First budget announcement today with multibillion-dollar pledge The government's first budget announcement is set to be made today, with billions reportedly earmarked for a major energy project. Nine News has revealed $2.4 billion will be spent in the next four years on the CopperString development in North Queensland. Loading The project is slated to link renewable energy zones in the state's interior with the energy grid. It is due to be completed in 2032, and could cost almost $14 billion in total. Political editor Tim Arvier says the $2.4 billion announcement will go towards setting up a giant copper powerline in the east section of the development. 7.14am The big chill … continues Residents of our River City have again shivered through the night, with the temperature in Brisbane plunging overnight. With an official recorded temperature of 10 degrees last night, at least today is expected to be warmer than Thursday – a sunny day and a forecast 23 degrees are on the cards. And some comfort for the weekend: the lowest temperatures for Saturday and Sunday should stay in the double digits. Here's the outlook for today, the weekend, and early next week: 7.12am While you were sleeping Here's what's making news further afield this morning: Tension between Donald Trump and his former 'first buddy' Elon Musk has erupted into open warfare, with the US president suggesting Musk has a version of 'Trump derangement syndrome', and Musk sensationally announcing Trump is named in the Jeffrey Epstein files. A hidden announcement from the State Department about consequences for foreigners 'complicit in censoring Americans' has sparked a new level of global interference not seen from America since the end of the Cold War. Peter Hartcher asks, is this the beginning of a new level of interference? US beef could be allowed into Australia for the first time in decades through a biosecurity rule review to secure the removal of tariffs as Prime Minister Anthony Albanese prepares to meet President Donald Trump later this month. The questions came thick and fast, and the denials did too, as on Thursday. 6.53am The top stories this morning Good morning, and welcome to Brisbane Times' live news coverage for Friday, June 6. Today we can expect a sunny day and a top temperature of 23 degrees. In this morning's local headlines: The two housemates of missing Queensland teenager Pheobe Bishop have been charged with murder, as her mother has described how the family's world has been shattered. James Wood, 34, and Tamika Bromley, 33, are due to appear at court this morning. Attracting bigger events, more business tourism and new product development will be Brisbane's focus for the next 20 years, as the government continues to cement its plan to grow the state's tourism industry. Seven years out from the Brisbane 2032 Games, one question remains stubbornly unanswered: What is happening with our mascot? Three men accused of murder by drowning two people in a toolbox drank whiskey and played video games while they held their alleged victims captive, a jury has heard. As the Reds attempt to overcome the powerhouse Crusaders in their Super Rugby quarter-final tonight, Queensland five-eighth
Yahoo
08-04-2025
- Business
- Yahoo
State rewiring energy future as project blows out again
Queensland's government looks set to abandon legislated emissions reduction targets after flagging reviews and the extension of coal mining. Treasurer and Energy Minister David Janetzki has outlined the Liberal National Party government's energy road map, involving a five-year plan to be delivered by the end of 2025. Speaking to the Queensland Energy Club on Tuesday, Mr Janetzki ranged across mining, gas, renewable energy and private-sector engagement to deliver projects. He proposed an expansion of gas exploration and the repeal of current renewable energy targets, which he described as "unachievable", and later told reporters that emissions target legislation will be reviewed. A vision towards 50 per cent emissions reduction targets by 2030, and 75 per cent by 2035, were enshrined by the previous state government in 2024. The laws also locked in an 80 per cent renewable energy generation target by 2035, and entrenched public ownership of energy assets. The LNP government says it is committed to net zero by 2050. "We've committed to repeal the renewable energy targets," Mr Janetzki said. "The legislation, which both contains the emissions and renewables targets, will be reviewed during the course of the year as we develop the energy road map." Mr Janetzki also announced the state-owned Callide B coal-fired power station will operate past its technical end of life. The treasurer said coal-fired power accounts for more than 60 per cent of the electricity generated in Queensland, with the state boasting the youngest fleet in Australia. He flagged that coal-fired plants will not be closed just to meet the needs of a "media release or brochure". "This will be done very methodically and calmly and that review will be undertaken during the course of the year," he said. "There will be coal generators that operate beyond 2035." Environmental lobbyists have slammed proposed gas exploration and the Callide B decision. "Supporting an expansion of the gas industry will only benefit huge multinational petroleum companies, and leave ordinary Queenslanders worse off," Lock the Gate's Ellen Roberts said. Extending Callide B's working life could cost up to $420 million and expose people to higher risks of outages and pollution, Queensland Conservation Council's Dave Copeman said. A key energy project to connect multiple regions has meanwhile suffered another cost blowout, to more than double its original estimate. CopperString, originally slated at $5 billion, will connect Queensland's northwest to the grid through an 840km power line running from south of Townsville to Mount Isa. After winning the 2024 election, the new government announced that the cost of CopperString had increased to $9 billion after receiving internal briefing documents. It has now risen again to $13.9 billion, following a closer examination of the project and consultation with transmission operator Powerlink.
