Mr BALDWIN - 2001-10-18
Given your last answer, can you explain the merits of ratifying the Kyoto Protocol before the issue of carbon sequestration has been properly addressed, and what issues do you see need to be explored in respect of sequestration and its implications for the Territory?
ANSWER
Madam Speaker, as I explained before, the impact on the Territory will be positive. I explained before that we are trying to establish an oil and gas industry, and I congratulate the previous administration because they tried to do the same for the benefit of all Territorians. The oil and gas industry is going to be of great benefit to the Territory for the simple reason, the industries using gas will cut their emission by 50%. We will be able to sell, for example, gas to China - which is a great coal user - and China will be able to cut their emissions by 50%. Where are they going to get the gas from? If possible, from the Territory, if we give the right price. We are proceeding to establish that industry here, the same way the previous administration tried.
ANSWER
Madam Speaker, as I explained before, the impact on the Territory will be positive. I explained before that we are trying to establish an oil and gas industry, and I congratulate the previous administration because they tried to do the same for the benefit of all Territorians. The oil and gas industry is going to be of great benefit to the Territory for the simple reason, the industries using gas will cut their emission by 50%. We will be able to sell, for example, gas to China - which is a great coal user - and China will be able to cut their emissions by 50%. Where are they going to get the gas from? If possible, from the Territory, if we give the right price. We are proceeding to establish that industry here, the same way the previous administration tried.
Last updated: 09 Aug 2016