leader: The opposition leader, Bill Shorten, said up to 1.5bn of Labor's fund would be earmarked to unlock gas supply in Queensland's Galilee and Bowen basins and to connect the Beetaloo sub-basin about 28,000km sq south of Katherine and part of the McArthur basin to Darwin and the east coast, according to The Guardian. But environment groups say that would undermine Labor's target of reducing carbon emissions by 45% of 2005 levels by 2030. Earlier this week Labor announced it would replace the Northern Australia Infrastructure Facility with a different fund to finance infrastructure projects of national significance in the north of the country. In August 2017, a Northern Territory inquiry into hydraulic fracturing heard the McArthur basin could release four to five times the volume of greenhouse gas emissions as the Carmichael mine, if fracked. And the emissions figures may be underestimated, he said. The gas-rich Beetaloo basin alone would dwarf Adani's expected emissions, said Tim Forcey, a chemical engineer with decades of experience in the petrochemicals industry.
(news.financializer.com). As
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