Government · 4 deals
Every published round Morrison government took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Boral | Grant | 16 May 2022 | $30m | Lead | @AuManufacturing (Mon 31 Oct 2022), @AuManufacturing (Mon 16 May 2022), RenewEconomy | |
| Empire Energy | Grant | 23 Feb 2022 | $19.4m | Participant | RenewEconomy (Mon 7 Mar 2022), RenewEconomy (Wed 23 Feb 2022) | |
| Imperial Oil & Gas | Grant | 7 Jul 2021 | $21m | Lead | RenewEconomy (Mon 23 Aug 2021), RenewEconomy (Wed 7 Jul 2021) | |
| Santos | Grant | 9 Jun 2021 | ≤$15m | Lead | RenewEconomy, @AuManufacturing |
Companies Morrison government has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Boral | 16 May 2022, Grant | 1 | 1 | |
| Empire Energy | 23 Feb 2022, Grant | 1 | 0 | |
| Imperial Oil & Gas | 7 Jul 2021, Grant | 1 | 1 | |
| Santos | 9 Jun 2021, Grant | 1 | 1 |
Fund closes reported for Morrison government, as distinct from the investments it has made.
Companies Morrison government has backed that another company then bought. An exit for the holding, not a deal Morrison government did.
Stories naming Morrison government. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The Australian government has granted cement maker Boral $30 million under its carbon capture program to assess Calix's emissions-capture technique, part of a wider pre-election round of grants.
The Morrison government quietly granted Zero Degrees Rosella $3 million for a Victorian brown coal-to-hydrogen project, after a $5 million Queensland coal study grant, as election fossil hydrogen funding promises passed $400 million.
Enterprise software firm Capsifi has received an $11 million growth investment from the Australian Business Growth Fund, its first for 2022, to fund international expansion, with the fund's earlier backing of two other startups also recalled.
Also SmartCompany·@AuManufacturing·SmartCompany·Techboard·Startup Daily
The federal resources minister awarded a $7.5 million grant to Sweetpea Petroleum for Beetaloo Basin gas drilling and $2.1 million to the Northern Land Council, citing Europe's energy crisis; Empire Energy's earlier grant is recalled.
Also RenewEconomy
The federal government has re-awarded a $19.4 million grant for Beetaloo Basin gas drilling to Empire Energy after a court challenge by an environment group voided the original award.
Also RenewEconomy
Analysis by The Australia Institute argues Santos' Moomba carbon capture project, backed by a federal grant, may enable enhanced fossil fuel recovery rather than cut emissions; Santos denies the project involves increased extraction.
Also @AuManufacturing
The federal government announced a $30 million grant for Andrew Forrest-backed Squadron Energy's Port Kembla power station, which its backer says will switch fully to green hydrogen by 2030.
Labor plans to refer $21 million in Beetaloo grants to gas company Empire Energy to the audit office over Energy Minister Taylor's involvement, but won't yet back the Greens' move to abolish the program.
Resources minister Keith Pitt awarded A$21 million in grants to Imperial Oil and Gas, an Empire Energy subsidiary with Liberal Party ties, for Beetaloo Basin drilling, drawing criticism from climate groups.
Also RenewEconomy
The national audit office found the $3.3 million grant for a Collinsville coal plant feasibility study breached grant criteria, and questioned minister Angus Taylor's use of private email accounts for confidential documents.
Zetifi, a Wagga Wagga wireless networking firm and AVST grant recipient, is seeking NSW and northern Victorian farmers to trial Wi-Fi calling, offering 50 subsidised installations where mobile coverage is poor.
Daily roundup: Canberra pulls ads from Facebook amid the news block, Facebook faces inflated-metric allegations, the ASX All Tech index turns one, Butn raises pre-IPO funding, and VBreathe banks a fresh round.
Morning roundup covering US pressure over Australia's news bargaining laws, Deliveroo's big raise, Volopay's seed round before its Australian launch, AgriWebb's Series B, plus crypto and Samsung briefs.
Also Australian FinTech
Federal officials told a senate estimates hearing that no taxpayer money has been committed to a Collinsville coal plant study or to AGL's Liddell generator, despite earlier government announcements suggesting otherwise.