Norwegian oil giant Equinor yesterday announced it would be withdrawing its plans to drill for oil in the Great Australian Bight.
Equinor is now the 3rd oil giant to pull the plug on drilling in the highly dangerous location with BP and chevron also attempting to do so in 2016 and 2017.
Equinor’s $200 million dollar plans have been scrapped, saying the project is not commercially viable, however, Noah Schultz-Byard from the Australian Institute says their statement outlines economic reasons but the vast amount of Australians wanting to see the bight protected would’ve been a big factor in their decision.
“I think the fact that Equinor has seen the opposition in the community to their project to drill in the Bight and have now chosen to move away from the potentially risky drilling in the bight, is a good thing for SA because now with a focus on world heritage protection for the bight coastal communities can breathe easier now.”
“With three global oil giants abandoning their plans to drill in the Bight, the time for the government to give the South Australian community certainty and permanent protection for the Great Australians Bight has come.” said Noah.