<
https://theconversation.com/in-a-win-for-traditional-owners-origin-is-walking-away-from-the-beetaloo-basin-but-the-fight-against-fracking-is-not-over-190906>
"What a difference six months makes. Before the federal election, the Beetaloo
Basin in the Northern Territory was to have spearheaded Australia’s “gas-led
recovery”. But Origin Energy this week announced it would sell its share of the
basin project ahead of a wider exit from new gas ventures.
The Beetaloo Basin holds a truly enormous amount of fossil carbon – prompting
Greens leader Adam Bandt to describe it as a “climate bomb”.
Origin’s exit is not a killing blow to the controversial project. But it shows
increasing corporate jitters about investing in gas. And the announcement came
as major iron miner Fortescue announced plans to eliminate fossil fuel use
within eight years.
Origin’s exit is a major win for the region’s Traditional Owners, many of whom
feared the fracking would cause large-scale environmental damage, as well as
harming the climate. But Origin has sold its rights to frack Beetaloo – so the
fight is far from over."
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
