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Fossil fuel sustainability critical for Australian economy.



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MEDIA RELEASE Joel Fitzgibbon MP Federal Member for Hunter Shadow Minister for Resources Electorate 45 Vincent Street PO Box 526 Cessnock NSW 2325 Ph: (02) 4991 1022 Fax: (02) 4991 2322 Parliament House RG 52 Canberra ACT 2600 Ph: (02) 6277 4404 Fax: (02) 6277 8479

Friday April 11, 2003

FOSSIL FUEL SUSTAINABILITY CRITICAL FOR AUSTRALIAN ECONOMY

Investing in clean coal technologies, carbon capture and sequestration must be crucial components of Australia’s energy policy, a meeting of the Australian Energy Forum heard in Newcastle today.

Representatives of the Australian Coal Association, the CSIRO and the Cooperative Research Centre for Clean Power from lignite addressed the Forum. The Forum heard that the projected gap between energy supply and demand to the Year 2029 would create a $30 billion opportunity for implementation of new technology.

Also speaking at the Forum, Shadow Minister for Resources Joel Fitzgibbon said that Australia must maximise the potential benefits of its wealth of coal and gas resources.

“Environmental challenges and projected energy shortfalls make a greater investment in and commitment to the sustainability of our fossil fuel resources a must.”

“While achieving accelerated growth in energy derived from renewable forms is also critical, we cannot hope to meet our greenhouse gas emission reduction targets without commercialising clean coal technologies.” Mr Fitzgibbon said.

For further information contact:

Joel Fitzgibbon 0418 293 372