AGL should ditch Gloucester gas after recognising CSG unwanted, unviable

MEDIA RELEASE – 6 July 2015

The Greens NSW coal seam gas spokesperson Jeremy Buckingham has today said that AGL’s decision to ditch their controversial coal seam gas expansion plans for Sydney’s west and the Hunter Valley is a recognition that coal seam gas is unwanted and unviable, but their failure to also ditch their Gloucester gas project was a missed opportunity to repair their corporate reputation and was a decision that they would have to return to in the near future.

“This decision is recognition by AGL that coal seam gas is unwanted and unviable in the face of resolute community opposition and a growing renewable energy sector,” said Greens MP Jeremy Buckingham.

“The writing is on the wall for coal seam gas as communities around the country refuse to accept the risks to their land, water and the climate.

“This is a great victory for the communities that have been opposing coal seam gas and reflects well on the direction the new CEO Andy Vesey is taking with AGL.

“But it is also a missed opportunity for AGL to repair their battered corporate reputation by ditching their risky Gloucester gas plans.

“The community opposition to this crazy project will continue to grow and this latest announcement will only strengthen the people of Gloucester’s resolve not to be the only place in NSW destroyed by this toxic industry.

“The $193 million write down of this project is a recognition that coal seam gas in Gloucester doesn’t stack up and the Greens look forward to AGL packing their bags in the near future.

“The buy-back process should not be a cash cow for the gas industry and the Greens believe that AGL’s worthless licenses should be handed back without compensation,” Mr Buckingham said.

Contact: Jack Gough – 9230 2202 or 0427 713 101

 

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