Christopher Back (WA, Liberal Party) Share this | Hansard source

I rise with pleasure to support the Offshore Petroleum and Greenhouse Gas Storage Amendment (Petroleum Pools and Other Measures) Bill 2016, and I thank Senator Moore for her courtesy in supporting what is an incredibly sensible bill. I will be attempting in the next few minutes to not only explain the significance and importance of this bill but also, naturally, to explain to the chamber and to those listening how vitally important the offshore oil and gas industry is to Australia and to employment and the $200 billion of investment that is undertaken in Australia today in the gas sector, making us, by 2019, the largest exporter of LNG in the world. I will also be commenting on the enormous value of Chevron extending its environmental responsibility, which you have seen evidenced in abundance on Barrow Island—offshore Western Australia—to the Great Australian Bight.

Senator Hanson-Young interjecting—

Senator Hanson-Young and I have sat in the inquiries in Adelaide, in which I have been able to spell out the—