Fossil fuel developments may find it harder to get taxpayer funds in Australia after a "benchmark" case forced disclosure of environmental harm, lawyers say.
WA's EPA is now restraining growth in carbon emissions from industry but it and State and Federal Governments need to do more to keep the State attractive to increasingly climate-concerned investors.
On July 18 Chevron will be millions of tonnes short of required CO2 injection at Gorgon LNG. If the WA Government stands firm the carbon credit bill could approach $100 million.
Woodside's Pluto net-zero 2050 plan is greenwashing, leaving 70% of cuts to the last five years despite investors telling CEO Meg O'Neill they want tangible speedy progress.
BHP's climate target excludes the Bass Strait, North West Shelf and future Scarborough LNG on the incorrect basis that the operator controls the emissions, not the joint owners.
Shell, Exxon and Chevron are big players in Australian oil and gas and being forced to decarbonise sooner will affect their local operations, with a possible king hit to Prelude.
If South32’s low profile coal-burning Worsley Alumina operated like Alcoa’s facilities 1.5 million tonnes of carbon emissions a year would be avoided: the same as Alcoa's Wagerup refinery.
For Woodside, it is Scarborough or bust. Incredibly the LNG specialist has no plan B ready if its last chance to develop an LNG project evaporates. And Scarborough is no sure thing.
