A report released by the Institute for Energy Economics and Financial Analysis on May 19 has said that the $800 million gas pipeline planned for the Northern Territory is economically unviable, to the extent that it is described as the “whitest of white elephants”.
The pipeline, known as the North East Gas Interconnector (NEGI), has been the crown of the NT Country Liberal Party’s economic strategy in the lead-up to the August election. The pipeline is designed to transport the vast shale gas reserves in the NT from Tennant Creek to Mt Isa for sale to the rest of the world.
About 3000 people, young and old, women, men and children, kayaked from Horseshoe Beach and blocked Newcastle Harbour to stop the coal ships on May 8. Organised by 350.org and other climate change campaigners, the Break Free event was a great success and also fun.
There was a large contingent of First Nations people from all around Australia and internationally, from Samoa and other Pacific islands that could disappear due to rising sea levels.