Why did the NSW Government abandon the Gold Coast fracking boom?

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Geoscience Australia’s chief executive Peter Jackson said a lack of information about the state’s gas and oil industry meant it was hard to understand why the State Government decided to abandon the boom in 2014.

“It’s really hard to imagine that there is anything that could be the case that has been more important to us than the safety and security of the Australian community,” Mr Jackson said.

“There was a lot of misinformation around the fracking boom and I think we’re seeing that come out now.”

Mr Jackson said the industry was still on track to meet its 2020 targets for the amount of gas it would produce.

“This year the NSW Energy Commission has said that the 2020 gas and coal production target is a goal,” he said.”[It] is actually one of the most ambitious goals in the world, and the Australian Government has been very clear in its commitment to meet that target.”

The Government is now proposing a plan to ensure it meets that target.

Mr Jackson, who was chairman of the NSW Commission on Energy in the late 1990s, said the decision to abandon fracking was one the state had made with the best of intentions.

“We’re in a bit of a transition period, and this is an opportunity to get on with the work that we’ve got to do,” he told 7.30.

“And the plan that we’re proposing will see us meeting that 2020 target.”

Mr Jones said there was a sense of optimism amongst industry that the Government would be successful in meeting its targets, given the government’s recent announcement that it would be reviewing its position on fracking.

“I think it’s a confidence-building measure, it’s good to see that we are in good hands, that the industry is confident we’re going to deliver on the 2020 target,” he added.

Topics:government-and-politics,energy-energy-and_utilities,industry,state-parliament,state—state-issues,gas-and/or-oil,dublin-2560,nsw,australiaFirst posted June 09, 2020 09:16:38Contact James WilsonMore stories from New South Wales

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