abc.net.au/news/origin-forfeits-gas-leases-queensland-channel-country/102487830Australia's largest energy company has surrendered 10 out of its 11 gas tenements in Queensland's fragile channel country, but traditional owners are concerned they could still be sold to another bidder.
"One permit area we are seeking to surrender is still subject to a process that gives interest holders an option to acquire," a spokesperson for Origin Energy said.to explore, and eventually drill, for fossil fuels across 250,000 hectares of unique waterways and flood plains.In a sudden turn, Origin last yearin the region because of what it described as "uncertain and expensive efforts" to drive the projects into production phase.Loading...
The draft plan included a 12-week community consultation period and floated options for the Lake Eyre Basin including limiting new oil and gas development.The consultation period, which ends in August, also included an option to retain the existing regulatory framework to manage resource extraction.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianAus - 🏆 1. / 98 Read more »