The ALP has just announced plans to allocate $1.5 billion – of our taxpayer dollars – to projects that would open up the Galilee and Bowen basins and the massive Beetaloo Basin in the Northern Territory.
Tell Bill Shorten and the ALP we won’t stand for our public money being used to set off carbon bombs
The climate impacts of mining these basins for gas are enormous, far beyond the damage that even the Adani Carmichael mine would do. According to Tim Forcey, Energy Advisor at the University of Melbourne, Northern Territory shale oil and gas is one of Australia’s largest potential sources of greenhouse gas emissions, with a greenhouse gas potential 4 to 7 times larger than Adani’s coal mine.
New gas projects are totally incompatible with limiting global warming to 1.5°C. According to studies published in Nature – as well as analysis of data from Rystad Energy, the International Energy Agency, the World Energy Council and the IPCC – the CO2 embedded in existing gas reserves far outweighs what can be burned if we’re to achieve 1.5°C.
Yesterday’s ALP announcement came on the same day Global Witness found that “any production from new oil and gas fields, beyond those already in production or development, is incompatible with limiting warming to 1.5°C.”
For a decent chance to achieve this goal, the IPCC’s latest report models declining gas use for primary energy and electricity generation from 2020 onwards. Yet Mr. Shorten says the Beetaloo Basin has ‘enough gas to supply the domestic market for up to 400 years.’
Companies like Santos and Origin Energy (some of the country’s biggest political donors) will be licking their lips at having taxpayers open up new, unsustainable gas fields.
Authorised by Cam Walker, Friends of the Earth Australia, 312 Smith Street Collingwood, VIC 3066