“This is total, total greenwash”: Santos claims massive Alaska oil project will be carbon neutral
22 Aug 2022
LAST week, at the same time as reporting a huge profit windfall, Australian gas giant Santos gave the final investment green light to its $US2.6 billion ($A3.7 billion) Pikka oil venture off the coast of Alaska, citing a need to boost global energy supplies amid the fallout from Russia’s invasion of Ukraine.
The project is expected to produce 80,000 barrels of crude oil per day from 2026, but Santos chief Kevin Gallagher has made the extraordinary claim that the whole venture will be carbon neutral.
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