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Post by brillbilly on Dec 13, 2016 6:26:58 GMT 10
This is an alarming warning to all those that think FRACKING is Safe! Coming to a River near you soon!
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Post by Wes Gear on Dec 13, 2016 18:22:07 GMT 10
Fire Water Oil and gas company part owned by Gina Rinehart sues Victoria for $2.7b over fracking ban A company part owned by Gina Rinehart is suing the Victorian government for $2.7 billion in damages over the state's ban on onshore gas exploration. Lakes Oil claims the Andrews government has deprived the oil and gas company of its opportunity to use its exploration permits "for the purpose for which they were intended". In a statement, Lakes Oil said it was seeking damages for losses suffered by the company as a result of Resources Minister Wade Noonan's conduct. "The unjust and unlawful actions of the Victorian government, and its proposed bill to ban onshore exploration, have caused significant losses to the company and its 11,000 long-standing shareholders," it said. The writ was filed in the Supreme Court. We're proud to protect our farmers and the environment," she said. Lakes Oil is seeking damages for $92 million in past expenditure and more than $2.6 billion in lost future earnings. "The future earnings component is risk-weighted and is based upon loss of earnings from conventional gas resources only," the statement said. Fracking is a process by which liquid and sand is pumped into a gas well to fracture the surrounding rock and release the gas. link
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Post by brillbilly on Dec 13, 2016 22:40:11 GMT 10
I hope no payments are made and Gina Rinehart should take a swim in that river!
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Post by theshee on Jan 9, 2017 7:32:05 GMT 10
I know he was trying to prove a point, but setting fire to it wasn't the best idea. He's lucky he isn't sitting on a cloud playing a harp or shovelling coals for old nick LOL Fracking should be banned worldwide!!!
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