Fracking company 'unlikely' to repair environment

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Taxpayers are at risk of picking up fracking exploration clean-up bill for company after share price collapse.

 

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Over it !!!

Reclaim and cancel their permits immediately and then secondly dramatically uplift the security on every other permit across Australia before approving anything more to private fossil fuel climate wreckers. We taxpayers are being rorted, again!

TweetingGolfer Yes.. NEVER HAS THERE BEEN A CLEARER EXAMPLE OF THE CASE FOR A $10Bn Bank Guarantee lodged when a mining permit is uplifted from Govt! How much longer are taxpayers going to have to pay for assholes doing the wrong thing? Politicians take note: NOT IN OUR NAME!

Aushiker Brazil dam burst disasters waiting to happen. Can we have a deposit scheme for any mining licenses where if they don't reinstate mines back to how it was, they don't get the deposit back? Deposit (bank guarantee of sort) should be big enough that mining companies can't ignore.

anne_clothier This is a poor situation but is not a fracking issue. It is an exploration site rehab issue.

the damage these guys ,cant be repaired ,weve got one planet get it theres no 2nd prizes ...

And this is one of many reasons we do not want fracking in Australia. If businesses do the right thing then we might see positive feedback. But when they don't give a damn, well, why should we support fracking?

What a fracking surprise

This company highly likely haven't paid tax as well... isn't it? Big thanks to the government.

John25872967 If they don't fix it. Lock them up.

ABCRural Why is it not required of these companies from the start to put aside in trust sufficient funds for proper rehabilitation ?

The problems lies with the moron states/federal governments granting open licences/permits to these mining/petroleum companies without first having them to provide evidence of substantial LOCKED funds in established bank accounts when needed for environmental repairs. How sad

Actually, petroleum explorer $NSE never stimulated (fracced) a well. It drilled exploration wells and took core samples for testing.

This is a very poorly-written article. While each statement is true in itself, there’s a massive difference between the cost of rehabilitating an exploration well versus that of an open-pit mine.

Well, what a suprise

ABCRural Surprise, surprise said no one ever.

Why is everyone so suddenly surprised by this?

Hmmm. Maybe they need to mandate clean-up costs 'insurance' for these companies.

they need to have ponds to collect salty water but when it rains d ponds would spill to waterways Just like Samarco dam disaster in Brazil Miners want d profit but hate to spend$ on remediation Our coal miners r leaving big monster pits

Shocked. This is exactly what everyone said would happen, but we keep on allowing these companies to just tear apart our country and then reward them for it.

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