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Inpex decision welcome news despite Labor's obstruction.



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Fri, 26th September 2008

INPEX DECISION WELCOME NEWS DESPITE LABOR'S OBSTRUCTION

The Hon Ian Macfarlane MP Shadow Minister for Energy and Resources

Shadow Minister for Energy and Resources Ian Macfarlane has today welcomed Inpex’s decision to build its $20 billion liquefied natural gas (LNG) plant in Darwin, despite the best efforts of Labor Governments to undermine it.

“Labor’s bungled approach risked undermining this project from the start - stemming from Federal Environment Minister Peter Garrett’s obstructionist approach on the future development of the Kimberly Coast and his never ending review of a single hub option,” Mr Macfarlane said.

“After being subjected to months of indecision and dithering from the former Carpenter Government in Western Australia, it’s great news for Australia and local jobs that Inpex has made the decision to locate its production facility in the Northern Territory.

“Labor’s erratic handling of this issue is a reflection of its broader mismanagement of the Australian resources sector.

“Future investment in Australia’s resources industry has already been jeopardised by the Rudd Labor Government’s snap $2.5 billion condensate tax grab - sending the very clear message that under this Government, long-established taxation conditions are subject to change on a whim.

“Meanwhile, Labor’s inconsistent and hypocritical approach to uranium mining continues to hamper the full development of the sector, undercutting Australian export opportunities and compromising the ability of the world’s largest nations to cut their greenhouse gas emissions from coal fired power.

“Labor has repeatedly shown it doesn’t understand the importance of the Australian resources sector, and there’s far too much at stake for the Rudd Labor Government to keep floundering.”