Australia has only one committed hydrogen project out of a vast pipeline of proposals worth A$266 billion ($178 billion), showing the challenge in becoming a major exporter of the zero-carbon but still unproven fuel.
Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes steel, copper and aluminium scarce and more expensive.
As the curtain falls on the Age of Hydrocarbon Man and the transition towards a more sustainable low carbon future gathers momentum, it is important to recognise the sheer scale of the effort required.
US mining and oil heavyweight Freeport-McMoRan made a $1.85billion loss in the second quarter of 2015.
The company posted $2billion of write-downs related to its oil and gas properties and other one-off items.
Richard Adkerson, chief executive, said: "Our second-quarter results reflect strong operating performance in our global mining business, and solid production results and continued positive drilling and development results in our oil and gas operations.
