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Coal seam gas: follow the money

25 Jul, 2011 09:35 AM
NATIONALS senator Barnaby Joyce asked a question at a federal Senate inquiry during the week that went to the heart of the issues surrounding coal seam gas miners' controversial use of land.

He asked representatives of the Australian Petroleum Production and Exploration Association, including former Santos vice-president Rick Wilkinson: "You are giving landholders $10 million to $15 million a year [in compensation] while you are collecting $8.5 billion a year. You would have to say that's a pretty good deal, right?"

Although there are countless protests about gas miners' impact on prime farming land and water tables, Senator Joyce's question brought the elephant into what was an already packed room, reports The Australian Financial Review .

In Australia, where miners have the right to walk on to a property and take out what they like from the ground, compensation packages are relatively frugal.

Texas land owners in the US control the subsurface and, as such, control much bigger cuts of the exploited resources.

Some critics hope for a moratorium on CSG projects until environmental effects are better understood.

But that is unlikely to happen where governments estimate the gas industry based in just one region such as Gladstone could generate 18,000 jobs and up to $850 million a year in royalties.

Cotton Australia's Michael Murray revealed in the Senate inquiry that specific requests from the federal Minister for Sustainability, Environment, Water, Tony Burke, to protect the Condamine Alluvium were knocked back by the Queensland government.

He said that the requests by the minister were amendments of an environmental impact statement provided by a gas company seeking to start exploration in the area.

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Date: Newest first | Oldest first
Given that landowners in Australia do not have title to minerals etc under their land, the only payments that landowners have a right to expect is presumably by way of compensation for inconvenience, disruption, repair etc. Landowners have no right to, or can logically or legally expect to share in any profit. Thus, perhaps the figure quoted by the Boof is reasonable. However, Boof is too stupid to understand all that. He gets a big headache trying to think about it.
Posted by Bushie Bill, 26/07/2011 3:43:52 PM, on Queensland Country Life
@Bushie Bill, We see that the attutude of those pushing the gas gravy train like yourself see no issue with CSG companies waltzing onto private land and setting up their well fields, roads, pipelines. These little eyesores bring with them thousands of truck movements, water tables sucked away or contaminated, property values cut by 30pc and unsalable.

Families exposed to the constant threat of more and more of the same, no way to stop the destruction and devaluation of their property by the Government backed gas companies. And you think its all OK because they have no rights. LOCK THE GATE!!

Posted by SPARKS, 27/07/2011 11:27:13 PM, on Queensland Country Life
@ Bushie Bill

We need to go for a drive to CSG heartland to have a look at a few things... I think you will be amazed in light of your shallow comment. Wait a minute, you live in Sydney don't you?

Posted by Prisoner of CSG, 28/07/2011 10:11:59 PM, on Queensland Country Life
No PoCSG, I do not.
Posted by Bushie Bill, 29/07/2011 6:34:28 PM, on Queensland Country Life
The documentary Gasland

http://www.youtube.com/watch?v=A-KxT6KCjww

Posted by cattle carnage, 1/08/2011 8:33:05 PM, on Queensland Country Life

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