The Australian Labor Party's decisive victory in the 2025 federal election, securing a substantial majority, has significant implications for the sub surface energy industry. While the sector faces challenges due to regulatory uncertainties, environmental concerns, evolving climate policies, and financial support mechanisms, the election outcome also presents some opportunities for constructive engagement and policy reform.
While the outlook may not be so rosy for traditional Oil and Gas, the current political climate offers significant opportunities for subsurface activities that fall under their renewable energy banner, like Geothermal energy. Although the jury…