Labor has faced pressure from all directions this year regarding offshore fossil fuel projects. The government appeared to sneak through legislation that makes it easier for these projects to get around environmental regulation, before bowing to internal lobbying and reinstating Environment Minister Tanya Plibersek’s ability to veto projects. Beyond that, the question remains: what happens to the project infrastructure if and when we finally phase out fossil fuels?
The Institute for Energy Economics and Financial Analysis identified more than 1,000 wells and 57 fixed facilities offshore that are nearing their end, resulting in what industry body the
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