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Proof Edition: Australia's LNG industry must not be subject to a cost of carbon unless its customers and competitors are subject to a similar cost. That was the case put by gas lobby group - for parties such as Chevron , ExxonMobil, Shell, Santos and Origin - by the Australian Petroleum Production and Exploration Association (APPEA). But this it meant it wanted to get paid to pollute. The 400 per cent growth in its LNG industry over the next two decades, menat a 400 per cent growith in pollution. But the industry wanted LNG free to pollute, at no cost to its investors.
(Full Article)New WA Liberal Premier Colin Barnett says he was not surprised that Inpex chose the long way round to pipe Ithycs gas to Darwin in the Northern Territory, rather than the shorter route to the Kimberley coast in Western Australia.
(Full Article)Proof Edition: Three emissions reduction impacts on output on the energy sector remain large under all policy scenarios.
(Full Article)Proof Edition: The Larrakia Nation group had published an open letter in a Darwin newspaper stating the Inpex LNG plant was incompatible with Larrakia culture and its environmental standards. It also said that the corporation has no right to support the Inpex gas plant on behalf of all Larrakia people.
(Full Article)Queenslands GEC market again enjoyed some activity
(Full Article)In the AEU market two deals were reported last week both of them with November settlements.
(Full Article)The market was $45.80 by the end of the week.
(Full Article)Prrod Edition: The “unproductive green desert” described was 2800 laser-leveled hectares of Eremophila longifolia “ Emu Bush”, a shrub that grew to to 3 m or trees 7-8 m, provided food for emus, and also nectar for many species of birds. The plan was to replace Eremophila longifolia with Red Flinders Grass. Eremophila longifolia was a protected species in some areas, for example in NSW Murrumbidgee Catchment it was a Priority High Conservation Value (HCV) as part of a Native Vegetation Community.
(Full Article)Proof Edition: The Fitzroy Liveringa Station - a pivot irrigator - now appeared to control the 6400000 kL water rights associated with the Kimberley Fitzroy River dam - created for a failed rice irrigation project. The vast station borders the river, and was one of a number of agricultural properties owned by the group.IT now argued as its at illegally celared it in the past, and it was now burnt and weed infested it was now not ecologically viable, and could be validly chained with bulldozers and converted to cropping. One of the applicants was a party - Liveringa Pastoral Co - alleged to have illegally cleared in 2003.
(Full Article)Senator Joyce, Queensland Leader of the Nationals in the Senate forecast a “very bad outcome” after the Senate passed Schedule 3 to amend the ITAA97 to allow a tax deduction for capital expenditure in the establishment of trees in carbon sink forests in the Tax Laws Amendment (2008 Measures No.1) Bill 2008..
(Full Article)Senator Milne feared a plantation-friendly tree-trading for carbon credits would lead to a perverse outcome of clearance of native vegetation, particularly the brigalow and the savannas across northern Australia, and that will be a disaster for carbon. “We get mandatory regulations... If we do not, we will have MIS on steroids”, she said in a dissenting report for the Senate Inquiry into the tax treatment of Carbon Sink Forests.
(Full Article)Chevron is prepared for critical analysis from interest groups for its new gas and oil plant plans located in waters around the Heritage Islands, Barrow and Thevernard, where it has already managed to install processing infrastructure. It said the onshore part of the project did not impact any threatened or vulnerable species.
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