While it isn’t the final word from the Scientific Inquiry into Hydraulic Fracturing in the Northern Territory, the draft report is certainly a welcome indication of the results to come – that the risks associated with onshore natural gas development and fracking can be managed with effective regulation in place.
As a divide emerges between the major parties in Victoria, the anti-gas rhetoric is starting to sound more and more shrill.
Amidst the headlines this week about forecast shortfalls in domestic gas supplies, there are some pointers from regulators and policymakers to the impacts that state-based moratoria on onshore gas exploration and development are having on supply availability.
An attempt to place a permanent moratorium on the use of hydraulic fracturing in Tasmania was voted down by the state government on Wednesday.
The West Australian Minister for Mines and Petroleum Bill Johnston announced in the Legislative Assembly yesterday that the Government has implemented its election commitment to ban fracking for existing and future petroleum titles in the South West, Peel and Perth metropolitan regions.
Australia’s longest operating oil and gas explorer, Lakes Oil, is suing the Victorian Government because of the economic value which has been destroyed by the Government’s irrational ban on onshore development.
The CWA has performed a valuable role in rural Australia for decades, but it’s not a scientific organisation, so its decision in WA to vote for a ban on fracking needs some scrutiny.
The Northern Territory’s Scientific Inquiry into Hydraulic Fracturing has released its interim report, which extensively details the effort undertaken to more completely understand a highly technical, and often misrepresented, industry.