<
https://theconversation.com/opening-10-new-oil-and-gas-sites-is-a-win-for-fossil-fuel-companies-but-a-staggering-loss-for-the-rest-of-australia-189374>
"Federal Resources Minister Madeleine King yesterday handed Australia’s fossil
fuel industry two significant wins.
The minister announced oil and gas exploration will be allowed at ten new
Australian ocean sites – comprising almost 47,000 square kilometres. And she
approved two new offshore greenhouse gas storage areas off Western Australia
and the Northern Territory, to explore the potential of “carbon capture and
storage” (CCS) technology.
The minister said the new oil and gas permits will bolster energy security in
Australia and beyond, and ultimately aid the transition to renewables. King
also said controversial carbon-capture and storage was necessary to meet
Australia’s net-zero emissions targets.
The world’s energy market is going through a period of disruption, largely due
to Russian sanctions and the Ukrainian war. But expanding carbon-intensive
fossil fuel projects is flawed reasoning that will lead to greater global
insecurity.
Research shows 90% of coal and 60% of oil and gas reserves must stay in the
ground if we’re to have half a chance of limiting global warming to 1.5℃ this
century."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
