Sir – The Territory Alliance will ban fracking in the Northern Territory due to widespread community concern and the unviable economic case of this controversial practice.
There is no social licence for fracking in the Northern Territory, with very real environmental concerns about its impact upon groundwater supplies and an oversupplied international gas market.
Under a Territory Alliance Government no more production permits will be issued, existing exploration licences will not be renewed and current operations will be subject to tough community and environmental safeguards.
Territory Alliance will undertake urgent regulatory reform to ensure there is independent oversight of existing operations and that the decommissioning and rehabilitation of wells meets the highest standard.
It is not OK to pump scores of millions dollars, probably hundreds if the industry was to go ahead, of Territoryans’ money into an economically unviable industry under a promise of more boom bust cycle jobs and economic activity that simply can’t be supported by the economic case.
Labor’s decision to reopen the gate to fracking has fractured trust in the wider community.
It is important to note that gas production in other jurisdictions has sought exemptions due to not meeting the sustainability bench marks for emissions levels (methane and CO²), impact on water sustainability (consumption and quality) and environmental damage across the whole life cycle of natural gas from extraction to storage, transport and end use.
Global investors are marking fracking jurisdictions down as increased sovereign risk.
Territory Alliance Leader Terry Mills (pictured).