Former resources minister blasts NT Labor fracking policy

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18 September 17, 1:01pm WA’s planned fracking inquiry will waste time & money. History & many reviews have shown fracking is done safely https://t.co/v2sDAeNiY2
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15 September 17, 10:21am Australian gas producers responding to tight supply. A dozen new supply contracts & projects announced since March https://t.co/pOW6D8AnCA
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7 September 17, 2:28pm New contracts show gas industry can ease tight eastern gas market. But policies must cut costs &risks of development https://t.co/TUFgFZPQDO
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6 September 17, 4:03pm Political debate fails to recognise economic importance of #LNG exports, or policy risks to export & domestic gas. https://t.co/VfSnufIhQW
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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.