Tuesday, December 25, 2012

Lawsuit Targets $3 Billion in U.S. Funding for Fossil Fuel Project in Australia’s Great Barrier Reef

From: Editor, Center for Biological Diversity
Published December 14, 2012 08:52 AM

Conservation groups filed a lawsuit today challenging the U.S. Export-Import Bank's nearly $3 billion in financing for a massive Australian fossil fuel facility in the Great Barrier Reef World Heritage Area. Construction and operation of the liquefied natural gas facility will threaten sea turtles, dugongs and many other protected marine species, as well as the Great Barrier Reef itself.

"Dirty fossil fuel facilities don't belong in a world-famous marine sanctuary like the Great Barrier Reef," said Sarah Uhlemann, an attorney at the Center for Biological Diversity. "This liquefied natural gas project doesn't meet U.S. standards, and we shouldn't be subsidizing the world's fossil fuel dependence or the destruction of a natural wonder like the Great Barrier Reef."

The Export-Import Bank, a federal agency that funds international projects to promote U.S. exports, provided a $3 billion loan in May 2012 for the project, which will be located in Queensland, northeast Australia. The Australia Pacific LNG project will include drilling 10,000 coal-seam gas wells in interior Queensland using controversial "fracking" techniques, digging nearly 300 miles of gas pipelines and constructing a massive natural-gas processing facility and export terminal. To provide access to the new terminal, the project requires dredging the adjacent harbor and its seagrass beds. Increased tanker traffic will eventually ship the fuel across the Great Barrier Reef to ports in Asia and around the world

Read more at http://www.enn.com/top_stories/article/45345


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