Embargoes on gas development have damaged the energy industry and are wasting local resources, according to Minister for Resources and Northern Australia Matthew Canavan.
Writing for The Australian Financial Review, Senator Canavan said the States and Territories must follow the lead of the Federal Government and “remove their nonsensical and unscientific bans on gas development”?.
Canavan said the bans not only placed thousands of jobs at risk, but also threatened the nation’s ability to be a producer of affordable energy.
The call comes a week after the ACCC report into the National Electricity Market stated an increased supply of competitively priced gas is crucial to moderating electricity prices.
While the fracking moratorium was lifted in the Northern Territory earlier this year, bans and restrictions remain in place along the east coast.