Barrow Island takes on CO2 liability for LNG project

News -
18 Sep 2009 - 18 Jan 2016
Three multinational oil companies will proceed with a liquefied natural gas development, Australia's biggest single investment, at Barrow Island off the northwest coast. One condition is that Australia's government assume liability for potential damages resulting from leaks of carbon dioxide to be stored under the ocean. Oil and gas producers are paying to bury carbon instead of releasing it into the atmosphere because developed nations want to tax emissions.