Australia stands at"incredible risk” of being considered an unsafe investment for energy companies after Woodside’s multi-billion-dollar project approval was pulled by the federal court in September, says Shadow Resources Minister Susan McDonald.
Woodside received approval for seismic surveying at its Scarborough gas field in July but it was removed after Mardudhunera woman Raelene Cooper successfully filed for a judicial review on the grounds of concern for marine life. “We are in a global investment competition – we are competing against countries like the US, Canada, Indonesia, South America,” Ms McDonald told Sky News Australia.
“They are all considered to be a less risky investment proposition than Australia is under the Labor government’s interventions on the gas market. “The layering of effects of the pulling of approvals that had already been granted, the government funding environmental activists to wage war against government approvals – is making it more difficult for investors to consider Australia.”