Greens Criticize Beetaloo Energy's Investment Decision Amidst Government Support

The Greens have condemned Beetaloo Energy Australia's Final Investment Decision (FID), linking it to financial and regulatory support from the Northern Territory and Federal governments. Empire Energy's ASX statement indicates the company received $43 million in government funding this year, alongside additional support for gas operations in the Beetaloo basin.

The project is anticipated to begin gas sales next year. Critics argue that the Labor government has approved the project and invested taxpayer funds, calling it an environmental disaster and urging for a tax on gas exporters to prioritize domestic LNG supply.

Opponents highlight overwhelming opposition from Traditional Owners and environmental concerns regarding water sources. The CLP Government is accused of favoring the gas industry over the interests of Territorians, while the Federal Labor Government's support for Beetaloo is viewed as a betrayal.