Offset requirements could render Australian basin development unprofitable -analysts

Published 12:23 on October 11, 2021  /  Last updated at 12:24 on October 11, 2021  /  Asia Pacific, Australia  /  No Comments

Fossil fuel companies have been exploring the potential for fracking in Australia’s Beetaloo sub-basin, but if the Northern Territory state government stands by its recommendations on offset requirements then big-emitting projects will likely be rendered unprofitable, analysts said Monday.

Fossil fuel companies have been exploring the potential for fracking in Australia’s Beetaloo sub-basin, but if the Northern Territory state government stands by its recommendations on offset requirements then big-emitting projects will likely be rendered unprofitable, analysts said Monday.

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