Chalmers vows faster gas, mining project approvalsTreasurer Jim...

Chalmers vows faster gas, mining project approvals

Treasurer Jim Chalmers has vowed to establish faster approvals process for gas and mining projects.

“We agree that there is a need to update Australia’s offshore regulatory gas arrangements and broader environmental approval processes,” he says.

Chalmers tells The Australian Financial Review Business Summit that the government will use better technology to identify the environmental risks of different projects to streamline the approval process.

“We will clarify consultation requirements for offshore oil and gas storage regulatory approvals, making consultation more targeted and more effective, and will provide better upfront guidance on when approvals are required.

“Our changes are designed to be better for the environment, better for business, and better for our economy.”