Author Topic: Australia's Northern Territory Lifts Fracking Ban  (Read 920 times)

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Offline thackney

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Australia's Northern Territory Lifts Fracking Ban
« on: April 17, 2018, 01:00:25 pm »
Australia's Northern Territory Lifts Fracking Ban
https://www.rigzone.com/news/wire/australias_northern_territory_lifts_fracking_ban-17-apr-2018-154267-article/

Australia's Northern Territory on Tuesday lifted a nearly two-year moratorium on fracking to extract gas, unlocking vast onshore reserves in the resource-rich region and raising the possibility of other provinces following suit.

The Northern Territory (NT), a 1.4 million sq km (540,000 sq miles) expanse of outback extending from the centre of Australia to its northern coastline, had banned hydraulic fracturing, commonly known as fracking, in September, 2016 amid concerns the drilling method could harm the environment.

It commissioned an inquiry into the environmental, social and economic risks of the extraction process and on Tuesday accepted the inquiry's conclusion that the risks were manageable.

"The moratorium on fracking in the Northern Territory will be lifted, with strict new laws to be in place before exploration or production can occur," Chief Minister Michael Gunner told reporters in the Territory's capital, Darwin.

The announcement, which drew criticism from environmentalists, reopens shale gas reserves in the Beetaloo and McArthur basins for development. It immediately sent shares in commodity explorers in the region sharply higher, even though production is not expected to begin for about a decade....
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Offline thackney

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Re: Australia's Northern Territory Lifts Fracking Ban
« Reply #1 on: April 17, 2018, 01:02:56 pm »


Life is fragile, handle with prayer

Offline Idiot

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Re: Australia's Northern Territory Lifts Fracking Ban
« Reply #2 on: April 17, 2018, 02:39:10 pm »
It's not the fracking they need to worry about...it's the hundreds of animals and insects that can kill you in that country.