Fracking to commence in Kimberley: are you supporting this?

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:

http://www.abc.net.au/news/2014-06-17/state-government-will-allow-buru-energy-to-frack-in-kimberley/5531112

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/

You might also like

New Podcast Episode on The Green Dream: Ethical Influencer: How Australian Ethical drives change towards a Net Zero Future An

New Podcast Episode on The Green Dream: Cutting Carbon, Ending Exploitation & Elevating Women with Madeleine Huynh from Perennial’s Better

Here in Western Australia, where water is precious, an ethical quagmire has emerged, casting a shadow over one of the

Imagine a medical practice owned by four GP’s. They each have a significant financial stake in the practice and rely