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No place to hide : pressure on Australia to end support for new fossil fuel projects after IPCC report | Climate change
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Climate change duty of care campaigners risk jail
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Extinction Rebellion Fossil Fuels Protest Disruption in 2 Australian Cities
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Oil and gas industry facing $60 billion clean up costs for their own rigs
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New laws to force big gas producers to pay the cost of removing their offshore rigs from the ocean are expected to pass parliament this week, sparking an unlikely division between the federal government and the petroleum industry.
Resources Minister Keith Pitt said the total industry bill for decommissioning oil and gas rigs would hit $60 billion and his reform is needed to prevent a repeat of the Northern Endeavour incident, in which the decommissioning cost for an aging production vessel ended up on the Commonwealth’s books.
Labor and the Greens got the government’s
first attempt to introduce similar regulations disallowed in June. However, they were helped by One Nation leader Pauline Hanson’s absence from the vote, which proved decisive.
The shadow minister for climate change and energy, Chris Bowen, said Labor would support new safeguards on the implementation of 2020 Budget measures in the revised regulations, but voiced opposition to one section in particular.
Fossil fuels are now begging for public handouts to stay afloat, but public money should go to renewables instead.
Greens Leader Adam Bandt
This is the section that would allow Arena funding to be used for blue hydrogen which is produced using fossil fuels and CCS projects.