Environs Kimberley’s Director of Strategy Martin Pritchard has told ABC it was heartening that a lack of Australian public support for oil and gas has led to a Kimberley fracking company being delisted from the Australian Stock Exchange.
However he said there are still concerns that US investors may remain unaware of the risks of attempting fracking the Kimberley.
The American-based oil and gas company Black Mountain Energy “cited investment challenges around its planned gas project in Western Australia's north as a primary reason behind its voluntary delisting from the Australian Securities Exchange,” ABC reported.
"We're very encouraged by the fact that Australian investors have decided not to put money into what would be an extremely destructive fracking project in the Kimberley," Mr Pritchard told ABC.
“But despite claiming a win regarding public sentiment, he said he was concerned the company's privatisation would attract overseas investment with little understanding of the Kimberley's significant natural landscapes and culture,” ABC reported.
Mr Pritchard told ABC the Western Australian Cook government needed to reflect public sentiment and ban fracking in the region altogether.
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