qld government to lift oil shale moratorium

From the Courier Mail today what does it all mean for GRV.


Qld govt opens up shale oil mining

THE Queensland government is set to overturn a 20-year ban on shale oil mining, setting up a new battlefront with conservationists.

The Newman government says a commercial industry could generate thousands of jobs, and will see new money flowing into the state's coffers.

However, it will maintain the ban, until 2028, on the McFarlane deposit near Proserpine in the Whitsundays amid fears for the reef and nearby wetlands.

Natural Resources Minister Andrew Cripps says his government will otherwise undo the ban imposed by the former Bligh government in 2008.

The change will allow Queensland Energy Resources to take its trial plant at Gladstone to a full commercial operation.