Former resources minister blasts NT Labor fracking policy

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14 November 18, 12:47pm Demand for #natgas is expected to surge 45 per cent by 2040 with #gas providing 25 per cent of global energy demand… https://t.co/iWvjaGvVJM
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14 November 18, 8:45am The latest @IEA report identifies the vital role Australia’s #natgas will play in delivering a more secure, afforda… https://t.co/0qpoB55FXN
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14 November 18, 8:11am Forecasts by @IEA show global demand for #natgas will surge over the next 20 years, creating a phenomenal #economic… https://t.co/bV4jkGNYnG
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13 November 18, 1:24pm Enter now - 2018 Environment and Safety Excellence Awards focus on safety and #environmental excellence and highlig… https://t.co/N1QSi3u3fk
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by APPEALtd

If it wins government, NT Labor’s gas policy would harm the economy, says former Australian Resources and Energy Minister Martin Ferguson.

The moratorium has been proposed despite an exhaustive inquiry into fracking in the Northern Territory by former senior public servant Dr Allan Hawke, who determined the environmental risks can be managed effectively, while recommending regulatory changes.

“If Labor wins the territory election in August – and sticks with this bad policy – it will inflict real economic harm for no environmental gain,” Mr Ferguson told the Australian Domestic Gas Outlook conference in Sydney.

Read more: http://www.smh.com.au/…/former-resources-minister-martin-fe…

Mr Ferguson is Chair of the APPEA Advisory Board. He is a former federal Minister for Resources and Energy, and a former President of the Australian Council of Trade Unions.