Australian court quashes former prime ministers gas exploration ban

Australian court quashes former prime minister's gas exploration ban

SYDNEY (Reuters) – An Australian court on Tuesday overturned a controversial decision by the previous prime minister to block a gas exploration project off the countrys east coast, opening the door for the project to be reconsidered.

The Federal Court quashed former Prime Minister Scott Morrisons move to block Petroleum Exploration Permit 11 in the Sydney Basin off the coast of New South Wales state, finding his decision may not have been impartial.

Tuesday‘s ruling allows the permit to be considered by the Commonwealth-New South Wales Offshore Petroleum Joint Authority, reflecting an agreement reached by the project’s owners and the Australian government to end the court fight earlier in February.

The project is 85% owned by Asset Energy, which is a subsidiary of BPH Energy, with the remainder owned by Bounty Oil & Gas.

Asset Energy last year contested Morrisons decision to refuse the permit on the basis he had done so in his capacity as Resources Minister, a ministerial appointment made in secret.

An independent inquiry last November found Morrisons decision to secretly appoint himself to five ministries, including resources, during the pandemic undermined trust in government.

(Reporting by Lewis Jackson; Editing by Sonali Paul)

AUD/USD and NZD/USD Fundamental Daily Forecast – Weaker Ahead of US CPI ReportUSD/INR Price Forecast – Traders Stay Cautious Near The 83 LevelNASDAQ Composite Jumps as Megacaps Rise Led by Meta, FacebookGBP to USD Forecasts: A Return to $1.2250 US CPI Report DependentCrypto Market Daily Highlights: SEC Targets Paxos and Binance USDNASDAQ, S&P 500, Dow Jones Analysis – Stocks Rebound Ahead Of CPI DataLoadingLoadingLoading