The oil and gas company Santos has admitted its business plans are based on a climate change scenario of a 4C rise n global temperatures, at odds with internationally agreed efforts.
Asked whether the analyses were conducted on a 2C pathway, (it's chairman)Peter Coates replied that the company had adopted a 4C pathway.
“There’s been no nationally determined commitment to the 2C scenario, and even the 4C scenario is not funded. So I think what we’re doing is very sensible, and consistent with good value.”
Coates also said there was no gas shortage, but there was a “policy shortage”, and he accused the federal government of not showing commitment and support for the development of an ongoing supply to the east coast.
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