'Gas or starvation': infrastructure boss backs projects
Key points
- APA Group chief executive Adam Watson has defended the company's future gas projects, saying people would starve without natural gas used in food production. At the company's Sydney annual meeting, activist shareholders questioned the viability of new gas projects.
- A resolution backed by more than 115 shareholders demanded transparency on these projects as climate goals affect demand. Market Forces criticised the planned North to East Australia Pipeline, which would carry gas from the Beetaloo Basin.
- The Australian Institute backed a 25 per cent tax on gas exports, which Mr Watson rejected.
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