Good morning,

Australia will have to import liquefied natural gas to back up its precarious east coast supplies, leading to likely cost increases and “hoping and praying” to get through next winter, industry executives have warned, as Labor ramps up the energy war over the Coalition’s nuclear plans.

Anthony Albanese and Energy Minister Chris Bowen on Sunday pushed their plan for a renewable energy future with a proposal to build a battery project in Collie in southwest Western Australia, which the Prime Minister said would provide “enough power for literally hundreds of thousands of homes”.

Meanwhile, Matt Latimore, the little-known owner of M Resources, is betting there's plenty of life in coal yet. After snapping up South32’s Illawarra coal assets for $2.4bn, he tells The Australian he intends to continue to invest in the local sector and "keep growing aggressively". 

And booming sharemarkets pushed high-growth, high-risk superannuation funds to the top of the league tables last financial year, exclusive data shows, as some notched up returns as high as 15 per cent. This year could top that, analysts say, with looming rate cuts a potential tailwind for market gains.