Taxpayers face an $80 million payout to energy company Metgasco after the NSW government confirmed it will not appeal a court ruling overturning its bungled suspension of the firm's gas drilling licence on the north coast.
Energy minister Anthony Roberts has told Metgasco the government would not appeal the Supreme Court decision that an order by the Office of Coal Seam Gas to suspend drilling was "unlawful".
On Sunday, Mr Roberts said the decision not to appeal the court ruling "was made after careful consideration of all relevant issues".
"An appeal would have damaged investor confidence in NSW and wasted public funds. We're keen to sit down with the minister and talk about the future of gas in When he announced the licence suspension Mr Roberts said it was due to a lack of public consultation and concerns "about the way in which Metgasco has characterised its activities".
http://www.smh.com.au/nsw/taxpayers...gasco-licence-suspension-20150524-gh8evy.html
So too will NSW taxpayers, whose money is about to be spent fixing a monumental blunder for which Roberts is either directly or ultimately responsible.
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