Fracking company 'unlikely' to repair environment

  • 📰 abcnews
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 83%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2018 was a 'poor' year for newly-listed companies on the ASXMost companies which listed on the Australian share market in 2018 performed poorly and the outlook for this year is looking downbeat, according to a report by HLB Mann Judd. 2018 was a poor year for most companies on the ASX, not just the newly listed!
Source: abcnews - 🏆 5. / 83 Read more »

Australian companies grapple with multi-generational workforcerena_sarumpaet five generations is 100 years bit of an exaggeration wouldn't you say? Except the baby boomer generation that is forty years because it suits the detractors. rena_sarumpaet Five? I thought a generation was 25 years. MariaMatthews5 rena_sarumpaet I work with with someone who is shocked there are people older than his parents at work. They are only 50.
Source: SBSNews - 🏆 3. / 89 Read more »

Bestjet customers secretly charged a second time after company collapseSome Bestjet customers say their credit cards have been again deducted for the same amount as their origina...
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Majority of companies with access to electoral roll are global marketing firmsFour of the five firms granted access to the names and addresses of millions of Australian voters run massive digital marketing operations. and why I opted out of the my health register ... the government has no ethics when it comes to giving corporations access to personal info :( “the phone number at its Australian head office has been disconnected and an auto-reply email said 'data monetisation glory awaits!' Oh great 😦
Source: smh - 🏆 6. / 80 Read more »

'29.7 per cent is not 30 per cent': Companies almost hit gender targetASX200 boards have made huge strides to increase the number of women overseeing top companies since a goal was established in 2015. Or just hire the best person for the job? Crazy theory, I know. Oh FFS move along Wow! hire people because of their gender and not qualifications. A question, where is the article on low female participation in Garbage and bricklayer jobs? Hmm...
Source: theage - 🏆 8. / 77 Read more »

US bans its own companies from dealings with Huawei | Sky News AustraliaThe United States has banned its companies from buying equipment from Chinese tech giant Huawei.\n\nChina claims the US is using state power to 'smear and attack' Huawei as US-China tensions continue ahead of scheduled trade talks.\n\nA suite of 23 charges was filed against the tech firm and its Chief financial officer, Meng Wengzhou including accusations staff were offered bonuses in exchange for stealing technology from other companies.\n\nAustralia's own ban on Huawei yesterday saw TPG pulling out of building a 5G network here.\n\n\n\n\n\n That makes me want to buy a Huawei phone.... I wouldn’t trust anything that comes from, or out of China! Just look at the fake and/or non-existent products continually advertised on social media platforms by Chinese sellers. If scamming is engrained at that level of Chinese society, it’s most certainly in the upper echelons
Source: SkyNewsAust - 🏆 7. / 78 Read more »