The ABC reports today that State Government will allow Buru Energy to frack for gas in Western Australia’s north without an Environmental Protection Authority (EPA) assessment.
Perth-based Buru Energy wants to use hydraulic fracturing stimulation at four existing wells along its Laurel Formation prospect in the Kimberley. Details here:
Buru’s website: www.buruenergy.com
This is a joint venture with Mitsubishi Corporation (http://myresources.com.au/publications/the-mining-chronicle/images/stories/news/1612-mitsubishi-and-buru-look-to-canning-superbasin).
Are you supporting fracking projects via your Super fund investments?
Ask your Super fund if they invest in Buru, Santos or other fracking operators. For example, Hostplus members are $58.5m investors in Santos (see: http://www.hostplus.com.au/docs/disclosure/hihd—australian-equities—31-december-2013.pdf?sfvrsn=22). To read what Santos have been up to lately, see: www.smh.com.au/comment/quest-for-coal-seam-gas-sullies-name-of-santos-20140317-34xbj.html
To find out more about frack-free investing and matching your super portfolio to your ethical criteria, contact us today.
See also: http://nofrackingway.org.au/
