Australia's Origin Energy reports 84% jump in annual underlying profit
Australia's Origin Energy reports 84% jump in annual underlying profit
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Natural Gas News
Australia's Origin Energy reports 84% jump in annual underlying profit
Summary
Furthermore, the net profit for the entire year reached A$1.06bn, marking a turnaround from the A$1.43bn loss recorded in the previous year. by: Shardul Sharma
Australia's Origin Energy on August 17 announced an 83.5% year/year jump in underlying profit for the year that ended on June 30, 2023, attributed to notable improvements across ...
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”