from todays Australian. ............. PERRY WILLIAMS27 MINUTES...

from todays  Australian. .............

PERRY WILLIAMS27 MINUTES AGO | 9.39AM BHP creates new Aussie energy arm
BHP has created a new Australian trading unit overseeing its gas, electricity and carbon emissions management as it pushes to assert greater control over its role as both a major energy consumer and producer following several years of market volatility.
The world’s largest miner has been studying the concept for over a year in part triggered by frustrations after South Australia’s calamitous state-wide power blackout in September 2016 which crippled its Olympic Dam mine at a cost of over $140 million.
The collapse of Malcolm Turnbull’s national energy guarantee, which BHP had supported, also triggered the decision with the producer concerned ad hoc government decisions on energy policy may create inefficiencies in the market and impede investment in dispatchable generation.
Its own rising power bill also played a part. BHP paid $300m for electricity to covers its eastern Australian operations in the 2018 financial year, a steep 60 per cent jump from three years prior.
The decision was also sparked after BHP and its Bass Strait partner ExxonMobil agreed to start selling their own volumes last month from the offshore venture after the competition regulator raised concerns over joint marketing.

Got to say,  the Platform to launch Hydrogen as a 'clean' source of energy/fuel just gets bigger and
bigger.  my only concern....  is we don't have the management to progress what we have.
Thankfully   asx:MIN .. Mineral Resources  are in our corner.  Be happy to take  $10 a share when
MIN  makes the move.