‘Short-Sighted’: Peak Body Criticises Decision to Ban Oil, Gas Development in Lake Eyre Basin
Published on December 26, 2023
A peak industry association representing Queensland’s minerals and energy producers has criticised the state government for banning new oil and gas development in the country’s largest drainage basin. The ban came a few days after Queensland Premier Steven Miles assumed the position of the state’s leader following the resignation of predecessor, Annastacia Palaszczuk. Under the ban, the Queensland government will prohibit all future oil and gas production in the Lake Eyre Basin’s rivers and floodplains. However, the ban will not cover existing approved conventional gas developments, and holders of existing petroleum exploration permits can apply for a production lease until Aug. 30, 2024....