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Implications of the change of government in New South Wales

On 25 March New South Wales (NSW) elected Chris Minns as their new Premier signalling a change in direction for Australia’s most populous state. This will see some change in policy particularly for the energy and resources sector. 

For the coal industry, there are eight proposed coal expansions on the table that are now in doubt. These include the Hunter Valley Operations Continuation Project. Prior to the election Minns did also indicate that the Labor government may consider acquiring the Eraring coal-fired power plant to ensure energy supply. Eraring is the largest power station in NSW and was earmarked for closure by Origin Energy in 2025. 

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What to expect from Brazil’s new government

On October 30, Brazil elected Luis Inaclo Lula da Silva (Lula) to be its new President. Lula will take over from President Jair Bolsonaro on 1 January 2023. During his campaign, Lula hinted at some reforms that would potentially impact the energy and mining sector, particularly in relation to his environmental and climate agenda.