Fracking in Lake Eyre the ‘height of folly’, report suggests
Fracking in Lake Eyre the ‘height of folly’, report suggests
Economic analysis suggests any proposal to allow fracking in Queensland basin would not be commercially viable
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The expansion of fracking in the Lake Eyre basin would be the “absolute height of folly” and its high cost, high emissions unconventional gas could rapidly create stranded assets, a report has found.
The basin – home to one of the world’s last major free-flowing desert river systems – sprawls over nearly one sixth of the Australian continent, covering parts of the Northern Territory, South Australia, New South Wales and Queensland.
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