Frack! Australian territory gives green light to natural gas, risking Paris climate targets and stranded assets + CarrZee


Beetaloo Basin | The Northern Territory government says it is satisfied the recommendations of an independent inquiry into fracking have been met, clearing the way for gas production and the expansion of wells in the area. The announcement allows gas production in the region between Katherine and Tennant Creek, a move environmental organisations and scientists have warned will have an unacceptable effect on the climate.

CarrZee: I’m deeply skeptical that countries that have already exploited more than their fair share of the world’s carbon budget ….should continue to expand in fossil fuels. That’s unless they use article 6 of the Paris climate deal to do so — where they do a deal with a country that has not yet used its fair share.

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