Tag Archives: metgasco

Metgasco’s gas reserve downgrade reflects cost of failure to earn a social license

The Greens NSW mining spokesperson Jeremy Buckingham today said that the decision by the board of Metgasco to downgrade the value of their gas resources reflected the cost of failing to earn a social license to conduct their drilling operations.

“Metgasco has paid the price for comprehensively failing to earn a social licence in the Northern Rivers to conduct their drilling operations” said Greens MP Jeremy Buckingham.

“Metgasco have admitted that their depressed share price reflects the high level of risk that unconventional gas poses to investors and this downgrade should act as a warning to anyone thinking of investing in fossil fuels in NSW.”

“A business model that relies on cops and courts to force its way into a community is doomed to fail. Metgasco should cut their losses, pack their bags and leave the Northern Rivers.

“The Greens believe that coal seam gas is unsafe, unnecessary and unwanted. The Greens support a rapid transition to clean renewable energy such as wind and solar,” he said.

NSW Government should not go back on Bentley gas exploration suspension

MEDIA RELEASE – 16 June 2014

The Greens NSW mining spokesperson Jeremy Buckingham today called on the Baird Government not to go back on their decision to suspend gas drilling operations at Bentley, near Lismore in northern NSW, following the announcement by Metgasco that they have deferred plans to sue the NSW Government over the suspension after doing a deal with the Office of Coal Seam Gas.

“The Government should not do any deals with Metgasco and should uphold their decision to suspend gas exploration in northern NSW,” said Greens MP Jeremy Buckingham.

“Regardless of the technicalities, it is clear that Metgasco do not have the support of the community and that the overwhelming opposition to gas drilling will not go away,” he said.

The Government have committed to making a decision on whether to maintain the suspension by June 25 and to make available by June 20 the documents they used to make the initial decision.

Contact: Max Phillips – 9230 2202 or 0419 444 916

Recent Entries »