Environment Victoria has accused Viva Energy of using a climate accounting trick to significantly underreport emissions from its proposed Geelong gas terminal. Sue Bull reports.
liquefied natural gas (LNG)
A well attended online forum shows the growing community concern against plans for a new gas terminal project in Corio Bay. Sue Bull reports.
Activists were treated to an early-morning raid by an anti-terrorist outift for chalking a protest sign against oil and gas giant Woodside Energy, reports Chris Jenkins.
Multinational gas corporations are expected to sell $50 billion worth of Australia’s liquefied natural gas (LNG) overseas every year, but it will be at least 10 years before the national treasury receives any rise in tax revenue. Even then, many projects will never pay any tax to the government for the resources they export.
A report prepared for the federal government into the operations of the Petroleum Resource Rent Tax (PRRT) shows that revenue from the offshore gasfields will remain static until at least 2027.