Barossa partners to invest up to A$10mn in Aboriginal communities
Barossa partners to invest up to A$10mn in Aboriginal communities
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Natural Gas News
Barossa partners to invest up to A$10mn in Aboriginal communities
Summary
The funding, to be allocated as the Barossa gas project advances, will focus on improving the overall well-being of Aboriginal people in Australia's Northern Territory. by: Shardul Sharma
Santos, along with its joint venture partners in the Barossa gas project, on February 1 announced an investment of up to A$10mn ($6.52mn) in Northern Territory coastal Aboriginal communities and homelands. T...
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”