Wednesday, October 22, 2008

Emissions scheme could jeopardise Gorgon - Chevron

21/10/2008 - Oil major Chevron Corp says Australia's proposed emissions trading scheme (ETS) could jeopardise the development of the multi-billion dollar Gorgon and Wheatstone liquefied natural gas (LNG) projects in Western Australia.

Chevron Australia managing director Roy Krzywosinski said on Monday that in its current format, the ETS could significantly increase the operating costs of the two projects and put the viability of the investments in danger.

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