Queensland Contemplates Glencore's Carbon Storage Plan Amid Environmental Concerns 1International Environment Social Governance (ESG) 

Queensland Contemplates Glencore’s Carbon Storage Plan Amid Environmental Concerns

Australia’s Queensland state is poised to decide on Glencore’s proposal to bury liquefied carbon dioxide (CO2) in the country’s largest aquifer, a move contested by farm groups over concerns of water contamination.

Glencore, aiming to contribute to global carbon capture and storage (CCS) efforts, plans a three-year, A$210-million pilot project to inject 330,000 metric tons of CO2 from a coal-fired power plant underground.

While Glencore asserts the project’s safety, farm groups fear it could contaminate the Great Artesian Basin, a vital groundwater source for agriculture. Michael Guerin of AgForce farm association called the project “unthinkable,” prompting legal action.

Queensland Premier Steven Miles expressed skepticism, citing environmental concerns, prompting Glencore’s complaint of political interference.

Amidst debate, Queensland’s environment department awaits the independent regulator’s assessment before deciding on Glencore’s proposal by month-end. If approved, the project could signify a significant step in Australia’s CCS efforts, albeit amid environmental controversies.

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