Water and Electricity: Competing Land Use in Green Hydrogen Projects

Starting point – what land and water do we need? Former Australian Government Chief Scientist, Alan Finkel, points out that the key challenge of hydrogen is ‘producing it’ and to do so ‘takes a lot of electricity and a good deal of water’.1 Unlike other fuels, hydrogen must be produced – either through electrolysis or […]

No out-clause when a scheme bidder becomes a target

What happened? Pendal Group was the subject of an agreed bid from bidder Perpetual Group, which was to be implemented by a scheme of arrangement. Pendal and Perpetual entered into a Scheme Implementation Deed (SID) with the usual exclusivity and break fee clauses, and a $23 million reverse break fee from Perpetual. There was an […]