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Australian oil and gas company Cooper Energy the first to go net zero

Cooper Energy will become the first Australian oil and gas company to completely offset its greenhouse gas emissions, with 10,022 tonnes to be offset this financial year.

The company, which provides about 12 per cent of Victoria’s gas from its offshore wells, will offset the emissions it generates in its production processes by investing in a planting project in the Coorong, south-east of Adelaide at the mouth of the Murray River.

Cooper Energy's Sole gas project off the coast of Victoria.

Cooper Energy’s Sole gas project off the coast of Victoria.

The project is managed by Biodiverse Carbon, Greening Australia’s carbon trading arm, and is restoring native vegetation and increasing the habitat of the threatened Malleefowl and migratory shorebirds.

The plan does not include Cooper Energy’s so-called “scope 3” emissions, those generated by its customers’ use of the oil and gas it sells, but managing director David Maxwell said the company had committed to investigating with its customers how they might reduce those emissions in the coming years.

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