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Oil and gas industry facing $60 billion clean up costs for their own rigs

Oil and gas industry facing $60 billion clean up costs for their own rigs We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement 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.

Australian petroleum productionExploration associationNorthern endeavourLoffshore petroleumGreenhouse gas storage amendment billஆஸ்திரேலிய பெட்ரோலியம் ப்ரொடக்ஶந்ஆய்வு சங்கம்வடக்கு முயற்சிகடல் பெட்ரோலியம்

Move to disallow Australia s renewable energy agency from funding CCS and blue hydrogen

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.

Chris bowenPauline hansonAdam bandtAndrew mcconvilleNational coalitionLabor partyAustralian petroleum production exploration associationAustralian renewable energy agency arenaAustralian renewable energy agencyLiberal national coalitionShadow ministerClimate changeArena actLiberal led standing committeeDelegated legislationGreens labor agreement

Australian government in second attempt to allow renewables agency to fund CCS and hydrogen

Australian government in second attempt to allow renewables agency to fund CCS and hydrogen
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Pauline hansonGrant kingAngus taylorAndrew mcconvilleNational farmers federationAustralian petroleum production exploration associationInvestor group for climateAustralian senateBusiness council of australiaAustralian renewable energy agency arenaOrigin energyAustralian renewable energy agencyEmissions reductionOne nationBusiness councilClimateworks australia

Australian industry body backs scheme for CCS projects to generate carbon credits

Australian industry body backs scheme for CCS projects to generate carbon credits
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Kevin gallagherAndrew mcconvilleAustralian petroleum production exploration associationEmission reduction fundAustralian petroleum productionExploration associationகெவின் கல்லாகர்ஆண்ட்ரூ ம்க்காந்‌வில்ஆஸ்திரேலிய பெட்ரோலியம் ப்ரொடக்ஶந் ஆய்வு சங்கம்உமிழ்வு குறைப்பு நிதிஆஸ்திரேலிய பெட்ரோலியம் ப்ரொடக்ஶந்ஆய்வு சங்கம்

Australian industry body backs carbon credits plan for CCS projects

Australian industry body backs carbon credits plan for CCS projects
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