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Home News Australian taxpayers on the hook to pay Chevron more than $500m to clean up oil wells
Australian taxpayers on the hook to pay Chevron more than $500m to clean up oil wells
Deal struck in 1980s refunds about half of what the US multinational fossil fuel company paid in royalties, documents show
The Australian government faces having to pay hundreds of millions of dollars to the American oil and gas company Chevron to help it clean up oil wells on Barrow Island, in Western Australia, under a deal made in the 1980s.
The Western Australian government also faces a hefty bill – estimated to be $129m – to help repair an offshore nature reserve where about 900 wells have been drilled over the past six decades. Continue reading...
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