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Article by Adam Duckett
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A call has been issued for Santos to deliver projects that can offset the heavy carbon emissions from Barossa
SANTOS has sanctioned a US$3.6bn investment in the Barossa gas project off Australia’s Northern Territory, extending the life of the Darwin LNG plant and marking the largest investment in the country’s oil and gas sector since 2012. Concerns about the climate impacts of the project have prompted one group to label the project “a carbon bomb”.
The Barossa development includes a floating production, storage and offloading (FPSO) vessel, subsea production wells, supporting subsea infrastructure and a gas export pipeline tied into the existing Bayu-Undan-to-Darwin LNG pipeline. The Barossa field is located around 300 km north of Darwin and the first production of gas is expected in the first half of 2025.
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MELBOURNE (Reuters) - Norway’s Equinor ASA has decided to stay in the American Petroleum Institute after the major U.S. oil lobby group changed its stance on climate policy.
FILE PHOTO: Equinor s flag in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo
However, Equinor has quit the Australian Petroleum Production and Exploration Association as the firm has wound down operations in Australia after giving up an exploration drilling plan in the Great Australian Bight.
In a report dated March 2021, Equinor said it had completed an annual review of industry groups’ climate policy alignment with the Paris Agreement to limit global warming to 2 degrees Celsius and the company’s goal to be net zero by 2050.
âItâs fascinating that the Morrison government should attempt to disinter the Climate Change Authority â which has been a zombie organisation for several years â but itâs brought it back to oversee its retro greenhouse gas policy,â he said.
âI donât think it will have any credibility at all other than with the crypto deniers within the government.â
Economist John Quiggin, another former member of the authority, said the appointments were âdisappointing but unsurprisingâ.
He claimed that after trying but failing to abolish the authority when Tony Abbott was prime minister, the government had effectively achieved its goal by âappointing representatives of the leading opponents of effective climate actionâ.
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The federal government has been accused of prioritising vested interests after a former energy boss and prominent champion of gas was put in charge of Australia s Climate Change Authority (CCA).
The Australasian Centre for Corporate Responsibility (ACCR) fears the agency is being stacked with fossil fuel lobbyists and has described Grant King s appointment to the statutory agency as a sorry state of affairs .
Mr King, who has held leadership roles at Origin Energy, the Business Council of Australia and the Oil Company of Australia, was announced the new chair of the CCA on Friday.
He is currently the chair of HSBC Australia and is on the board of CWP renewables, a wind and solar farm company.