Down under: greenhouse gas storage

Source: House of Representatives Standing Committee on Primary Industries and Resources
"Petroleum industries' "pre-existing" rights should be preserved to minimise investors "sovereign risk" under Fed Govt laws regulating the undersea storage of CO2 storage, a parliamentary committee recommended today. But the minister should be able to force the industry to negotiate with other players, said the report on the inquiry into the govt's Draft Offshore Petroleum Amendment (Greenhouse Gas Storage) Bill 2008 released this morning."