Business 28 Feb 2025

Fast Five: Takeaways from Meg’s Melbourne Mining Club speech

CEO Meg O’Neill presented to a packed Melbourne Mining Club Luncheon on 6 February, telling the audience that Australia’s energy policy debate must be grounded in science and facts, not wishful thinking.

Meg was the keynote speaker at the prestigious event and she took the opportunity to address the critical role of energy in securing Australia’s future prosperity. The luncheon took place at the iconic Melbourne Town Hall and was attended by a number of the nation’s resources sector and corporate leaders.

Meg’s key takeaways:

  • Australia’s energy security and prosperity depend on affordable, reliable energy that enables companies to invest in productivity-boosting activities.
  • Australia will need the energy to power the industries of the future, such as AI and data centres and projects like NeoSmelt, the lower-emissions steelmaking pilot that is a collaboration between Woodside, BlueScope, BHP and Rio Tinto.
  • Decarbonising Asia has the potential to have a greater emissions reduction impact than switching Australian households from gas to electric appliances. If just 20 percent of Asia’s coal-fired power stations switched to gas, it would cut carbon emissions by 680 million tonnes annually.
  • Further government action is needed to support our challenge of decarbonisation and economic growth by cutting the red and green tape that slows down job-creating energy projects.
  • Pragmatic, evidence-based approaches must be taken to energy policy. As we navigate the energy transition the focus must remain on solutions that enable Australia to continue to thrive.

Since its founding in 2001, the Melbourne Mining Club has been a key platform for the resources industry.

The Melbourne Town Hall is steeped in history, having hosted a variety of events from royal visits to a reception for the Beatles, 21 years ago this month.

Photo credit: Paul Scott Photography and Melbourne Mining Club.