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Rudd confused by Australian gas market - Greens

The Australian Greens have rebuked the Prime Minister for suggesting coal seam gas could help lower electricity prices in Australia.

"Extracting more gas won't reduce its price any more than digging up more gold reduces the gold price," said Australian Greens Leader Christine Milne.

"Kevin Rudd is confused by the basics on coal seam gas in Australia. Increased production will have zero impact on electricity prices because the industry is geared up to export it out of Queensland.

"Instead of reducing costs, prices here in Australia will rise to match international markets.

"Not only will the Prime Minister's plan fail to bring down prices, it will put at risk prime farming land, water supplies, community health and will increase greenhouse gas emissions."

Australian Greens environment spokesperson Senator Larissa Waters said:

"The Prime Minister's announcement comes as a slap in the face for all the hard-working communities who have banded together to lock the gate and protect their land, water and livelihoods from the dangers of coal seam gas.

"Mr Rudd is threatening regional communities and sustainable industries for one-off mining jobs and the private profits of the big mining companies, which mostly go offshore, and, in doing so, is putting Australia's future food security at risk.

"In an age of food insecurity, it's crazy to be pushing ahead with coal seam gas, especially when the National Water Commission, CSIRO and the government's own expert panel are warning of the impacts of this high-risk industry on our groundwater.

"We have safe renewable alternatives that won't sacrifice our land, water and climate.

"While Tony Abbott and Kevin Rudd do the bidding of the big mining companies, the Greens are standing with the community against coal seam gas."

 

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