| Australia's green hydrogen dream is quickly fading. At least seven big hydrogen production projects have been delayed, scaled back or cancelled and include BP's decision last week to exit a $36 billion facility in Western Australia. Canberra expands clean power targets. The government's Capacity Investment Scheme will support another 3 gigawatts of renewable generation — enough to supply 1 million homes — as it speeds up the energy transition. China's coal mining push risks creating an oversupply that would impact Australia. The 450 mine sites in development across China would have a combined capacity of 1.35 billion tons a year, surpassing Australia and Indonesia, the biggest exporters, according to a new report. Australia lifted restrictions on US beef imports. On Bloomberg TV's Australia Ahead, Prudence Gordon, Executive Director of the Australian Centre for International Trade and Investment discusses the impact on Canberra's tariff negotiations and the nation's agriculture sector. Click image to watch.  Click to watch. Bloomberg Booming liquefied natural gas exports are pushing up local energy prices, according to a new report. Wholesale electricity and gas prices have jumped as demand for Australian LNG has soared, adding pressure to stem shipments. A Formula 1 charm offensive has spawned Brad Pitt's latest film, as well as a Netflix documentary series now in its seventh season. More absurdly, Formula 1 is claiming that it's going to reduce its carbon footprint to net zero by 2030, writes Bloomberg Opinion Columnist David Fickling. | 
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