Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

6:23 pm

Photo of Jenny McAllisterJenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

Sorry about the delay. I just wanted to pause, because your characterisation of the arrangements was not quite accurate, and I thought it best to give you very specific information. New gas fields supplying existing liquefied natural gas facilities will be treated as new facilities, regardless of their ownership structure. On that basis, they will be given international best practice baselines for the carbon dioxide in their new fields. For these fields' reservoir CO2 emissions, best practice is a zero, given the existence of low-CO2 fields and opportunities for carbon capture and storage.

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