SYDNEY, Wednesday 4 March 2026 — Because the Center East disaster sends world gasoline and oil costs surging, Greenpeace Australia Pacific warns that peace and safety will stay on the mercy of geopolitics so long as we stay hooked on fossil fuels.
Specialists have warned the outbreak of struggle within the Center East, and the efficient closure of the Strait of Hormuz, dangers a repeat of the 2022 power shock pushed by Russia’s invasion of Ukraine that compelled Australian energy payments up by greater than 40%.
Whereas households brace for a brand new wave of worth hikes, the battle might show a goldmine for gasoline firms, with share costs for Woodside and Santos surging this week as they appear to money in on windfall struggle earnings.
Solaye Snider, Local weather Campaigner at Greenpeace Australia Pacific stated: “The escalating violence and struggling within the Center East is deeply distressing.
“The ensuing power shock being felt all over the world reveals why we have to unhook from unstable sources of power. It’s disturbing to see that right here in Australia, energy payments are set to skyrocket due to yet one more struggle, whereas gasoline firms like Woodside and Santos stand to line their pockets from windfall struggle earnings.
“So long as we’re depending on fossil fuels, we can be on the mercy of geopolitics and impulsive selections made by overseas leaders.
“We have to urgently transfer away from these inherently unstable sources of power. Transitioning to native renewables is the best way to guard Australian households and companies from worldwide power worth volatility, and guarantee a secure, clear and peaceable future for all.”
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Media contact: Lucy Keller on 0491 135 308 or [email protected]
