LNC 0.00% 99.5¢ linc energy ltd

Bond and Govt still butting heads, page-15

  1. 1,446 Posts.
    lightbulb Created with Sketch. 2
    ABC Home
    Search
    ABC NewsNEWS HOME

    Linc Energy gives Queensland Government millions for contamination clean up
    BY STEPHANIE SMAILUPDATED MON SEP 26 17:18:05 EST 2016
    Email Facebook Twitter WhatsApp

    PHOTO
    Linc Energy still faces legal action for alleged environmental harm.

    ABC 7:30
    The Queensland Government has secured $3.6 million from failed resources company Linc Energy to begin rehabilitation efforts on the western Darling Downs.

    Linc Energy, now in liquidation, is accused of contaminating large swathes of prime cropping land on and around its Hopeland underground coal gasification plant, near Chinchilla.

    Environment Minister Steven Miles said the money, which was paid as a financial assurance for the project, would be used for groundwater monitoring.

    But Mr Miles said it was well short of what was needed to finish rehabilitating the site.

    "The Environment Department had previously estimated the rehabilitation cost and attempted to increase the financial assurance to $29 million, so there's a significant shortfall," he said.

    Linc Energy is facing a range of legal action including five counts of wilfully and unlawfully causing serious environmental harm.

    Steven Miles said the water monitoring was an important first step towards fixing the site.

    "The program of getting the funds needed and implementing the rehabilitation will take years. It's the biggest single pollution event in Queensland's history," he said.

    "This monitoring will help inform what action needs to be taken."

    Mr Miles said there was more work to do to make sure similar rehabilitation shortfalls weren't a problem in the future.

    "Government experts are currently reviewing the state's financial assurance framework," he said.

    "It may be that an alternative model will deliver better results."

    The review is due to wrap up by the end of the year.

    POSTED MON SEP 26 16:59:14 EST 2016
    SHARE
    Email Facebook Twitter WhatsApp
    Farmer chases Linc Energy insurance documents to see if class action is viable
    Linc Energy ordered to hand over insurance documents to farmer
    Criminal proceedings against Linc Energy in doubt
    MORE STORIES
    Surfer attacked by shark at Ballina beach
    Emma Driscoll pleads guilty to fraud before trial starts
    Man charged with child abduction after girl taken while she slept
    Linc Energy gives Government millions for contamination clean up
    Live: Red carpet action from the 2016 Brownlow Medal
    Same-sex marriage plebiscite stuck in political cul-de-sac after failed meeting
    Clinton, Trump prepare to face off in first presidential debate
    'You started a quiet revolution': Tributes flow for permaculture 'father' Bill Mollison
    Family's quest to uncover 1947 murder secret
    Golf great Arnold Palmer dies aged 87
    Girl in state care with history of drug abuse spent night homeless
    Coronial findings prompt new investigation into death of woman
    Manslaughter verdict 11 years after toddler's death
    Researchers restore first ever computer music recording
    Surfing dogs brave large swells at California competition
    MORE FROM ABC NEWS
    Top of pageChange to standard view
 
watchlist Created with Sketch. Add LNC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.