Australia's largest stock trading and investment forum Australia's #1 stock forum

LKO

0.00%

$1.00 lakes blue energy nl

Hi I can not see the Federal Government changing on their...

First 2 Last

Share
Profile

Follow
towie

30,381 Posts.

122

31/08/18

23:15

Post #: 35341952
Share

Originally posted by avanti ↑

The state government has called on newly-appointed federal Energy Minister Angus Taylor to respect the ban on fracking and coal seam gas.
Today marks two years since the state government introduced a ban on the controversial mining practices amid concerns about their environmental impact on farming land.
In a letter sent yesterday to Mr Taylor, which was obtained by The Express, Victorian Resources Minister Tim Pallas and Minister for Energy, Environment and Climate Change Lily D'Ambrosio make clear the state government will not lift the ban.
"The permanent legislative ban protects the clean, green reputation of Victoria's agriculture sector which exports about $13 billion annually in food and fibre products and employs 190,000 people," the letter said.
"Your predecessor, the [Energy] Minister [Josh] Frydenberg, along with the Minister for Resources [Matt Canavan], repeatedly pushed for Victoria and other states and territories to reverse their bans on fracking. Scott Morrison in his role as Treasurer even threatened to cut states' GST distribution because of bans on fracking."
In the letter, the ministers said there was no gas shortage in Victoria with Bass Strait producing 400 petajoules of gas a year, compared with the state's annual consumption of 200 petajoules.
Prior to the ban, more than two dozen licences to explore unconventional gas were granted for various parts of Gippsland.
Fracking involves drilling into the earth and using a high-pressure water, sand or chemical mixture to extract gas from rock structures.
Conventional gas usually involves drilling directly into gas trapped in porous rocks
"Fracking isn't worth the risk. We have vast offshore gas resources available to ensure Victorians, and the east coast market, have affordable gas from safe, tried and tested methods," the letter said.
"The fracking ban will not be lifted under any Victorian Labor Government. Period."

Expand

Hi I can not see the Federal Government changing on their attitude to conventional drilling ONSHORE to ease the price of gas . Why are these Vast Resources Offshore Not Being Used . LKO are not relient on Fracking They have gas reserves that can be delivered into the market. I see no reason to Reelect this mob of INCOMPETENTS in November Cheers Towie The Gas that RAW may have will not be held back by this mob Towie

LKO Price at posting: 0.3¢ Sentiment: Hold Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

FNX

Aussie Broadband set to kick off share buyback starting Q1 CY2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 2 more messages in this thread...

First 2 Last

Add LKO (ASX) to my watchlist

(20min delay)
Last $1.00		Change 0.000(0.00%)		Mkt cap ! $58.8K

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

LKO (ASX) Chart

Day chart unavailable

Hi I can not see the Federal Government changing on their...

Top Stories

Aussie Broadband set to kick off share buyback starting Q1 CY2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects