Emissions from Australia's oil and gas industry rose 20% in first five years of safeguard mechanism

by A. Norton, Sep 20, 2022 in The Guardian

Scale of rise prompts warning Australia will struggle to cut emissions if Labor revamp allows new coal and gas

Part of Chevron’s Gorgon LNG project under construction on Barrow Island, Western Australia — *Chevron’s Gorgon project is the biggest polluting facility under the safeguard mechanism, a study by the Australian Conservation Foundation found. Photograph: Ray Strange/AAP*

Greenhouse gas emissions from gas and oil extraction in Australia rose 20% in the five years after the 2016 introduction of the safeguard mechanism, a policy supposed to stop increases.

The scale of the emissions growth, revealed in a new analysis by the Australian Conservation Foundation (ACF), has prompted a warning that the Albanese government will struggle to cut industrial emissions if its planned revamp of the mechanism continues to allow new coal and gas developments.

The analysis found 10 companies had been responsible for more than half of all industrial emissions covered by the safeguard since it was introduced by the Coalition with a promise it would stop increases.

Five of the top 10 industrial emitters are mining companies, three major oil and gas exporters and two steel producers. Mining giant Rio Tinto has been the biggest emitter followed by gas companies Chevron, Woodside and Santos.

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Emissions from Australia’s oil and gas industry rose 20% in first five years of safeguard mechanism

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