DESPITE the outcry by green groups, there is good news in the bad news from Santos that its $720 million November acquisition, Eastern Star Gas, had an "unacceptable culture" in the way it went about its coal-seam gas business inside NSW's Pilliga State Forest.
The bad news was bad all right, with Eastern Star said by its new owner to have had a culture of accepting spills and water-handling shortcomings that caused elevated salt levels and plant dieback. Then there was an apparent avoidance of reporting mishaps and the clearing of land without prior approvals.
But, if Santos is to be believed, the impacts are limited and will be remediated, and, for as little as $20m, the operations can be brought up to scratch.
The Australian
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