• Home
  • News
  • Victoria to restart conventional industry

Victoria to restart conventional industry

17 Mar 2020 3:26 PM | Sonia Harvey (Administrator)

VICTORIA’s conventional onshore exploration ban will end mid-2021 in a move welcomed by a surprised industry after it introduced two bills to parliament.

One bill will formally end the moratorium, albeit a year after it was due to come off, and the other will ban fraccing permanently.

It is a surprising move from a premier who expanded onshore exploration bans and has pushed hard on a renewable agenda but Andrews said he is following the science and is looking to an "orderly restart" of exploration next year after three years of investigation by the Victorian Gas Program.

The results concluded conventional exploration will not "compromise the state's environmental and agricultural credentials".

The study concluded the state could enjoy a $310 million windfall "for regional economies" and create 6,400 jobs.

Companies will soon be awarded the rights over blocks in waters next to existing sites, it said.

The government said gas "will continue to play an important role in supporting Victoria's transition to a cleaner energy future".

Andrews said his government was "backing the science to create… and support regional communities" and banning facing "to protect farming communities".

The difference between the two was not made clear, though scientific inquiries in many jurisdictions, most recently Western Australia, have repeatedly suggested the practice can be safely conducted when scientific guidelines are adhered to.

Source: Energy News Bulletin

Read more here

Energy Club NT is an Incorporated Association 

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Powered by Wild Apricot Membership Software