Inquiry into the Draft Offshore Petroleum Amendment (Greenhouse Gas Storage) Bill

Source: Standing Committee on Primary Industries and Resources
"The report’s key recommendations are that the Bill be amended to establish a formal process to transfer long term liability from the greenhouse gas (GHG) operator to the Government, and that the responsible Commonwealth Minister be endowed with the authority to direct parties to negotiate in good faith where there is overlapping greenhouse gas storage and petroleum titles, and to direct an outcome in such negotiations."