Energy company that won $21m in grants paid for Liberal party fundraiser s trip to Beetaloo fracking site | Northern Territory theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.
According to court documents, it will be alleged that the minister failed to ensure the expenditure was a “proper” use of money and “efficient, effective, economical and ethical”, as required under public governance laws.
The case will argue the minister failed to consider the potential increased risk of climate change if the Beetaloo Basin is opened up to gas companies. It also argues the minister failed to examine the risk of publicly-funding gas projects, when the world is reducing fossil fuel use.
ECNT co-director Dr Kirsty Howey said the groups wanted to see “taxpayers money used wisely and with all the consequences being fully considered”.
Tamboran Acquires Strategic Beetaloo Assets and Raises A$10 Million
Acquires Strategic Beetaloo Assets and Raises A$10 MillionSydney, Dec 10, 2020 AEST (ABN Newswire) - Tamboran Resources Limited ( Tamboran or the Company ) is pleased to announce the acquisition of Sweetpea Petroleum Pty Ltd ( Sweetpea or the Acquisition ).
- Tamboran has acquired Sweetpea Petroleum in an all-scrip transaction
- Acquisition expands resource holdings in the core of the Beetaloo Basin
- Tamboran regains its role as a 100% Working Interest owner and operator
- US and European institutional investors fund A$10 million in a private placement
Tamboran will acquire all of the shares in Sweetpea in exchange for Tamboran equity (no cash) issued to Longview Petroleum LLC, ( Longview ) holder of 100% of Sweetpea, resulting in Longview owning 29.95% of Tamboran post transaction.