Senate Environment and Communications Legislation Committee, , 6:15:46 to 6:29:29
The committee discusses potential market distress in the Carbon Capture and Storage sector and unquantifiable liabilities related to the Gorgon CCS project.
Topics: Emissions reduction, Government spending
Speakers: Steph Hodgins-May, Varun Ghosh, Bruce Edwards, Paul Murphy, Unknown Speaker
are you confident we'll get those funds back out of
>> uh the the business grant hub will pursue to the extent they they can? But again, my understanding is that that proponent in administration, so they would need to work through that process with other other creditors.
Um just so just staying on CCA. I know I've only got a minute or two left. Um at the gas tax inquiry, we heard significant evidence about the long-term costs to taxpayers um of decommissioning and rehabilitation of offshore um oil and gas projects. The 2026 to7 budget papers include an unqu unquantifiable contingent liability relating to Gorgon the Gorgon CCS project including an indemnity to the Western Australian government. Um, are you able to shed some light on why the Commonwealth liability is still classified as
>> Senator, I think the the liability of existing oil and gas projects that those sort of questions should go to the Department of Industry, Science and
>> Okay. Well, yeah, perhaps um if you'd like to take it on notice as well in case there is anything, but I'll also take the questioning to them. Thank you.
>> Thank you very much, Senator Hodgins-May, mate. Uh we will now um proceed. Well, that that will conclude outcome one. So, thank you very much to the officials who have uh contributed and given evidence in that respect. Um I'm just going to ask broadcasting to suspend for one moment, please, while I have a very quick conversation with my um colleagues on the committee and then we will move We will make a start. Uh we now welcome