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April 12, 2021

Stop talking, start walking Metgasco: NSW Greens

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The state government should cease talks with gas mining company Metgasco and support legislation to cancel North Coast gas licenses, according to the Greens.

Greens NSW coal seam gas spokesman Jeremy Buckingham said today that ‘the time for talk is over’.

He called on the Baird government to suspend talks with Metgasco and support legislation that would allow the North Coast coal seam gas licenses to be cancelled in the public interest without compensation.

The call follows confirmation from Metgasco confirmed to the stock market that they were in discussions with the NSW Government over ‘the future of their gas operations in the northern rivers”.

‘This whole process of negotiations with Metgasco is a farce which is creating unnecessary uncertainty for the community and is a waste of taxpayers’ money.

‘The government has the power to do what the community wants, and they can legislate to ensure that all of Metgasco’s licenses are cancelled without compensation.

‘The time for talk is over.  The Liberals and Nationals need to stop wining and dining with gas lobbyists and tell Metgasco to pack their bags and leave the northern rivers.

‘The risks to our land, water, climate and communities are too high to let this industry proceed and that is why the Greens are calling for a complete and permanent ban on coal seam gas,.’

 


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3 COMMENTS

  1. I wonder if the Baird Government would accept my submission of “noise complaint” for the entire NSW Greens Party. Metgasco has conducted legitimate business in the area for a decade now, with many millions of dollars being spent to find and develop gas reserves. Now, those resources have been found, and due to political indecision and goal-post moving, 5000 shareholders are in limbo with their investments. Now, people opposed to Metgasco often say that shareholders are greedy, and should not have invested in a highly speculative company in the first place. Well, the counter-argument to that is as long as it is valid, and there is simply not enough space to fit it all in here. The most basic point, however, is that forcing Metgasco out of the region without relevant compensation opens the doors for any investment in NSW to be shut down through community opposition. I can understand denying compensation for a company putting forward an application to explore for resources – one that has not yet invested vast amounts of money over a 10 year period to conduct authorised business. But quite simply, Metgasco HAS! For 10 years it has been doing what it was approved to do. It was given the right to explore. It found what it was after. It spent the money. Now the company has to pack up without a cent? You have got to be kidding, right? If the people of the Northern Rivers want Metgasco gone, fine. I can accept that. But as a legitimate company, conducting legitimate business, it deserves compensation for being forced out. Blame the rules, blame the government, blame local politicians, blame the company, blame whoever you like, but either compensate Metgasco to relocate or move out of the way and let business move forward. If anybody finds it hard to justify Metgasco’s claim to compensation, imagine wanting to build a house next to a neighbour who enjoys the vacant lot beside him. You can’t please everyone. You know that, in this modern world, people build houses all the time, so you go through all the planning, you get council approval to build, you buy the materials outright, you organise delivery, the foundations have been laid, you are just about to build and then boom! Neighbour declares he doesn’t want your house there and stands infront of the delivery truck. Then his good mate and neighbour comes out and does the same thing. All of a sudden, no-one wants you on their street. Sure, you could move to another street, but what about all that time and money you put into building something that you were told you could build? You would simply be thinking one of two things: Either you would want to build your house, or you would want your money back. You see?

    Stop talking, start walking? Perhaps that should be start paying or keep staying…

    It is only fair…

  2. I would have to assume that “The Lismore Lad” is talking through his wallet. I suppose it is a bit hard getting used to not falling off you wallet every time you go to sit down.

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