Live ASX News Today
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25th Apr 12:09 AM AEST
Santos (ASX:STO) to launch world’s largest carbon capture facility
Image source: © Freebird7977 | Megapixl.com
ASX-listed, oil and gas giant Santos Limited (ASX:STO), is planning to launch a carbon capture and storage program that could hold up to 10 million tonnes of carbon dioxide in a year. This move has been followed by the company’s new aim to adopt decarbonisation as a core part of its business.
Followed by this announcement, Santos has already begun designing of the carbon dioxide storage facility at the Bayu-Undan gas field located between Northern Australia and East Timor. Santos believes that this facility could be the potential largest Carbon Capture and storage program in the world as it is going to have a capacity of a quarter of the current global capacity.
Santos further informed that the Bayu-Undan facility is expected to store carbon dioxide from the Barossa gas field and liquified natural gas (LNG) from the Darwin gas plant. The company also added that its storage facility would not only be storing its own emissions but also ‘offer a solution to the whore-region based carbon dioxide emissions’.
This new initiative by Santos has significantly drawn the attention of everyone as it’s a good strategy to deal with a company’s carbon emissions in a country like Australia that is aiming for zero carbon dioxide emission.
However, Santos is yet to make a final decision on this program as early as possible, probably by next year.
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25th Apr 12:06 AM AEST
‘Charge Around Australia’ to witness Tesla’s model run 9,380 miles using solar power
Image source: © Lovelyday12 | Megapixl.com
A group of Australian scientists from the University of New Castle has planned to deploy printed solar panels to charge a Tesla Model 3 on a journey of 9,380 miles around Australia this winter.
This campaign is a part of the ‘Charge Around Australia’ project, which was founded by Stuart McBaine. This project was created to demonstrate the flexibility of the new technology and to show if the portable device is capable of charging in remote places.
The solar panels that are to be used in this project are thin, lightweight plastic sheets that could be made at the cost of less than AU$10 per square meter. These sheets can be originally printed using a commercial wine label printer itself.
The journey around Australia is expected to begin in September. The founder of the project, Stuart McBaine, will carry a solar cell with him weighing around 100 pounds. Stuart will use 18 solar panels, each about 59 feet long and roll them up to put into Tesla’s trunk.
The panels will be rolled out each day to get charged in the sun to run the car.
It will take around three months for the journey to get completed. Stuart, the founder of the project, will only be able to drive for two hours a day and charge the panels for about six hours during each day in the sun.
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25th Apr 12:03 AM AEST
Aussie consumers demand more ESG business
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A new "No Planet B Global Study" by Oracle and Pamela Rucker, for Earth Day 2022, revealed that people worldwide are demanding industries to set up sustainability and social efforts.
The study was conducted, by taking the views of around 11,000 business leaders and consumers worldwide, including about 1,000 Australians.
Many Aussies are demanding businesses to make a real change to progress towards ESG goals.
As per the study, around 63% of Aussies confirmed that they would boycott a brand that does not take sustainability and social initiatives seriously.
Moreover, the same percentage further indicated that they would prefer a brand more focused on ESG efforts, leaving their current company.
Apart from this, these Aussies made it clear that they would willingly pay a premium for products and services from businesses that make a change towards these issues.
Now Aussie business leaders are becoming more aware of their actions regarding the ongoing environmental issues.
The study further revealed that 85% of Aussie business leaders believe that ESG programs are critical success keys for their business.
Around 89% of the Aussie business leaders believe that sustainability and societal metrics should be used to inform traditional business metrics.
Meanwhile, approximately 90% of business leaders showed their interest in increasing their sustainability investment.
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25th Apr 12:00 AM AEST
Online NFT art gallery White Cubeless launched in Australia
Source: © Bashta | Megapixl.com
White Cubeless, an online NFT art gallery, highlighting the works of Australian artists, has been launched recently, with Wendy Sharpe, a former Archibald Prize winner, making her digital debut on the platform.
White Cubeless aspires to be a conventional gallery in virtual space, offering collectible digital artworks for sale as NFTs.
The contemporary art space, co-founded by former Vivid Sydney curator Lucy Keeler, was intended to display the work of professional digital artists alongside conventional studio art finding its way into the internet domain for the first time.
Today, Bernard Ollis, the former director of the National Art School and Tumen Altangadas, a Lucas Film artist, are making their non-fungible token (NFT) debuts on White Cubeless.
Head curator Lucy Keeler stated: