Western Australia’s fantasy of making Kimberley the next Dubai and the world’s largest gas hub suddenly came crumbling down following Woodside Petroleum’s announcement today it is dumping its $45 billion LNG investment in James Point Price. Woodside CEO Peter Coleman admitted the gas project is economically unviable saying the company has been under cost pressure. He said James Point Price...
This might be a good news for Santos, Chevron, Woodside, Shell, BHP Billiton, ExxonMobil, Origin, Ta Ann—name it—and all those other giants engaged in the business of “exploiting” Australia’s natural resources. They will have more freedom to dig and rig, build dams, or haul native logs—if the power to enforce environmental laws is transferred from...
The dream of Western Australia to transform Broome into a dazzling New Dubai faces no paved road. The multi-billion Woodside Petroleum’s gas hub has ignited intermittent tensions between local residents and the police. The State Government dispatched a strong 140-200 police to James Price Point this week alerting Green activists nationwide to join forces with Broome residents...
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