A new in-depth economic and climate analysis reveals it is unlikely gas companies could make money from fracking the Northern Territory’s Beetaloo Basin while also fully and accurately offsetting their domestic lifecycle greenhouse gas emissions.
The Reputex report, "Analysis of Beetaloo Gas Basin Emissions and Carbon Costs", highlights very high pollution, high costs and a high risk of stranded assets from fracking in the Beetaloo.
It also shows how fracking the Beetaloo at the scale promoted by governments and industry would massively contribute to Australia’s greenhouse gas emissions, at a time when climate commitments are under an international spotlight. Despite this, the Morrison Government continues to funnel public money towards fracking companies operating in the NT.