Gorgon was legally required to sequester millions of tonnes of CO2. CCS failed for three years, pushing our emissions up. They faced no penalty. The federal 'safeguard mechanism' is so cooked the missions limit for Gorgon actually assumed CCS failed theguardian.com/environment/20…
Chevron has made stupid profits on its WA LNG assets. We know because they boasted about it. Offsetting the emissions it dumped would be a tiny share of those profits.
When the WA EPA proposed that all new - not existing - projects would require offsetting, Chevron and Woodside teamed up in fierce lobbying to have it overturned. reneweconomy.com.au/epa-capitulate…
It now seems the WA Govt is looking closely at requiring some sort of make good for Chevron. This could cost them tens of millions, a small share of billions they have made theguardian.com/australia-news…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
A year and a half after the govt put gas executives in charge of the COVID Commission, and weeks after COP26, we have today a new national plan to subsidise gas pipelines across Australia.
From the exec summary "Gas supplies are likely to fall short of domestic ///and export/// demand by the end of the decade if further action to unlock supply and deliver key infrastructure is not taken by industry"
Ie - subsidies to prop up bad investments in export terminals
Notorious non tax paying Santos has made clear that its interest in the Beetaloo is focused on exports.
higher petrol prices must have people thinking more about EVs. does anyone know, or have a simple modelling tool, for how much petrol prices impact the payback period for EVs?
obviously depends on lots of things - better fuel economy of alternative means less impact, amount of kms driven means more impact, etc.
and whether you are using real time pricing or own supply solar to charge
Clearest explanation I've heard of what Doherty modelling actually says and doesn't say just now from ACT Chief Minister.
Will be months before thresholds met and even then, "Broad brush talk of 'open up' does not mean there will no public health response".
Also, crucially, we are not starting from where the modelling starts - it assumes no/ v low outbreaks, not current situation
All journalists covering covid response should watch the ACT pressers. Beyond the local matters, super clear explanation of the national situation, calling out misunderstandings without blaming others