TMEC Media Release: Statement on State Government Fracking Decision

The Tasmanian Minerals and Energy Council’s Statement on fracking decision

 The Tasmanian Minerals and Energy Council CEO, Wayne Bould, accepts the State Government’s decision on a fracking ban extension but sees a further delay in having a clear policy may result in a lessening of Tasmania’s capability of attracting new mining and processing businesses to the State.

“New companies attracted to the State  would add value by paying royalties to the Government,  employing workers and contractors to do the work, and purchase goods and services from local suppliers - all of this has a positive economic flow on into the local economy as the money circulates” Mr Bould said.

“I appreciate and fully endorse the clean, green image the state needs to present to the world, but the type of fracking which is being proposed in Tasmania isn’t coal seam gas fracking, and involves a different approach in order to extract a different range of products from petrochemicals to chemicals to rare earth products. There is some pretty empirical science to suggest that any incumbent risk is minimal, and if appropriate risk mitigation controls and operating standards are applied and enforced the likelihood of a failure is very very unlikely. 

“It is only fair and reasonable to remember that there are currently risks and potential impacts from all human activities including agriculture, mining and urbanisation. 

“And the potential for impacts from these industries, including the extraction of shale gas, can be minimised through adequate regulatory controls and the supervision and use of best practice environmental and safety standards.”