PLEA Network

25 February, Renew Economy,  Coalition digs deeper into fossil fuels with new “growth centre”.  The federal government has announced the establishment of a $15.4 million fossil fuel “growth centre”, to help prop up Australia’s oil, gas, coal and uranium sectors during what it describes as a “challenging time” for the industry. Part of the government’s $248 million Industry Growth Centres Initiative, the Oil, Gas and Energy Resources Growth Centre was unveiled on Wednesday by federal energy minister Josh Frydenberg and minister for innovation and industry, Christopher Pyne. The ministers said they hoped the facility – in which the Turnbull government is investing $15.4 million over four years – would help position Australia’s energy and resources sector for the next wave of investment. It will be chaired by long-time oil and gas industry executive, Ken Fitzpatrick, with a board and management team drawn from across the oil, gas, coal seam gas, coal and uranium industries. According to the website, the growth centre’s mission is to reduce industry costs, direct research to industry needs, improve work skills, facilitate partnerships and reduce regulatory burdens. It will also have a particular focus on improving knowledge and techniques needed to unlock Australia’s marginal gas resources like coal-seam gas – a controversial and high-cost field of exploration and production that AGL Energy recently ruled out of its repertoire to focus, instead, on the “evolution” of the energy industry. Pyne says the new growth centre – which will be known as National Energy Resources Australia, or NERA – will work closely with researchers from universities and the newly streamlined CSIRO, the irony of which was not lost on critics of the scheme. Read More here