NEW - Morrison will 'fire the recovery' with fossil gas
Expect new gas hub, new pipeline, gas plants, gas research & 'voluntary industry-led code of conduct'
Ensuring efforts to recover from Covid crisis exacerbates the climate crisis
Thread #auspol
smh.com.au/politics/feder…
Creation of an ‘Australian Gas Hub’ is eerily familiar to what Covid-19 Commission adviser, Saudi Aramco Board Member Andrew Liveris wants by importing the US gas boom (and bust) approach
Andrew 'tingles with pride' over Trump Liveris #auspol
“Unlocking five key gas basins” will be disastrous for Australia’s greenhouse gas emissions
Just two biggest Basins, along with existing pipeline of 22 major gas projects would almost equal Australia's total gas production
See @TheAusInstitute report
tai.org.au/sites/default/…
“New agreements with the three east coast LNG exporters” is too little too late.
The exporters have helped triple gas supply in the last decade and yet Australians pay more for their gas.
And a 'voluntary industry-led code of conduct' lulz
Background
abc.net.au/news/2017-03-0…
New money for "CSIRO's GISERA" sounds nice till you realise its compromised by its model
An alliance of fracking companies Santos, Origin Energy, Shell, China National Offshore Oil Corporation and Tokyo Gas
The most recent report from GISERA 🤔
abc.net.au/news/2020-07-1…
Call for new gas pipelines, what Nev Power and Liveris were proposing in the Covid Commision.
But according to head of gas pipeline company APA:
“It is a throwaway thing to say we need more pipelines....The lack of pipelines is not the constraint.”
afr.com/companies/ener…
Gas the job creator?
Not if you actually want to effectively create jobs.
It employs 0.2% of workforce.
Its the worst sector to invest in for job-creation cause its so capital intensive
See @TheAusInstitute @Tom_Swann @MarkOgge report tai.org.au/sites/default/…
Now @AngusTaylorMP long-awaited Liddell Taskforce, which threatened to keep Liddell open, is now threatening to build its own gas plant if the private sector doesn’t jump to it
After delaying the transition it is now chastising everyone for waiting!!!
reneweconomy.com.au/angus-taylors-…
AGL announced closure in 2017 with plan to replace with cleaner power generation
Doubtful as always, gov requested @AEMO_Media investigate.
Result - "AGL’s plan would deliver sufficient dispatchable resources to fill the identified 850 MW resource gap"
aemo.com.au/-/media/Files/…
So why gas and why now?
Well coal for the Kurri Kurri site not popular with Taylor (see abc.net.au/radio/ballarat…)
He needs to justify more domestic demand for fossil gas, so in comes gov's Snowy Hydro to build CC gas plant
Thoughts @simonahac @KetanJ0 @dylanjmcconnell ?
Do we even more gas plants?
"There is no strong case for more gas generation in the NEM given the current 4.4 GW of combined cycle and 7.0 GW of open cycle (peaking) gas generators are used well below their capacity factors" -@HughSaddler
@adamlmorton
theguardian.com/environment/20…
Overnight BP's influential energy outlook came out
Gas outlook does not pay a transitional role under a net-zero by 2050 approach to climate change and only goes up if you ignore taking climate action.
HT @ntsafos
bp.com/en/global/corp…
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