A controversial gas project has been given the green light to keep operating for decades to come after years of delays.Newly-minted federal environment minister Murray Watt on Wednesday granted fossil fuel giant Woodside’s proposal to extend its North West Shelf project in Western Australia. The approval is subject to strict conditions about the impact of air emission levels from the expanded onshore gas plant at Karratha.The energy company has 10 business days to respond to the proposed decision.Woodside’s proposal to extend the operating life of its gas project from 2030 to 2070 has been under assessment for six years.Senator Watt, whose reputation as a dealmaker saw him shifted into the environment portfolio, had promised to reach a decision on the extension by May 31 at the latest.
WDS Price at posting:
$22.28 Sentiment: Buy Disclosure: Held
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