logo
Rising Tide protesters demand money from Santos for South Australia's toxic algal bloom event

Rising Tide protesters demand money from Santos for South Australia's toxic algal bloom event

News.com.au5 days ago
Environmentalists have tried to enter the Adelaide headquarters of oil and gas giant Santos, demanding millions of dollars in compensation for South Australia's growing algal bloom disaster.
The Rising Tide protesters chanted 'make them pay' and sang songs before carrying a box of letters from South Australians impacted by the bloom to the front door of the corporate giant's office.
The letters were intended for Santos CEO Kevin Gallagher, but the protesters were blocked from the front door and then moved to a side street door, but were blocked again by a security guard.
'Tacit consent has been removed, you are not allowed to come inside the building,' the guard informed the two-dozen protesters as they moved to the side street door.
A protester asked if Mr Gallagher was 'refusing' to come down and meet with the protesters.
The guard replied he could not speak for Mr Gallagher, but the protesters were not permitted to enter the building.
'You were hi-vis all the time but you're invisible today, Kevin,' a protester shouted out.
Rising Tide credit fossil fuel companies for climate change, which they believe in turn has caused rolling waves of toxic algae bloom to wash up along South Australia's coastline.
The bloom can cause short-term skin or eye irritation, and is having a sharp economic impact on the state's $500m fisheries industry.
Rising Tide member Indi Wishart, speaking outside the office on Wednesday, told NewsWire Santos and other fossil fuel companies should pay out to help clean up the bloom.
'Last year Santos paid over $700m to their shareholders alone, I think it's easy for them to contribute a portion of that towards dealing with climate disasters,' the Adelaide local said.
'This won't be the only algal bloom, there will be more climate disasters, so we're going to need as much money as we can from these big polluters to start dealing with the crises they are causing.'
Wishart said government intervention should 'force' fossil fuel companies to pay and all major industrial and energy companies should face levies.
The bloom has likely been caused by three interconnected factors, the South Australian Department for Environment and Water has said.
First, a marine heatwave, starting in September 2024, has warmed sea temperatures about 2.5C more than normal.
Second, the 2022-23 River Murray floods washed extra nutrients into the sea, and third, a cold water upwelling in the summer of 2023-24 pulled nutrient-rich water to the surface.
The bloom could last for months, the department warned.
Santos is South Australia's star corporate entity with a market capitalisation of some $25bn.
It boasts large-scale operations and projects in South Australia, WA, Papua New Guinea and Alaska.
It is currently the subject of a $30bn takeover bid from the Abu Dhabi National Oil Company.
Santos has been contacted for comment on the protest.
South Australian Greens member Robert Simms, meanwhile, said on Wednesday afternoon he would propose a new 'fossil fuel levy' to the parliament.
'We need a fossil fuel levy in South Australia to make polluters like Santos pay for the damage their products cause,' he said.
'It shouldn't be up to everyday taxpayers to foot the bill.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nyrstar smelters to be handed multi-million dollar lifelines
Nyrstar smelters to be handed multi-million dollar lifelines

AU Financial Review

time4 hours ago

  • AU Financial Review

Nyrstar smelters to be handed multi-million dollar lifelines

The South Australian and Tasmanian governments will announce a rescue package worth at least $130 million on Tuesday for loss-making smelters owned by Nyrstar in Port Pirie and Hobart that will be tied to future production of critical metals at the sites. The long-awaited taxpayer-funded lifeline for the struggling smelters is supported by the Albanese government, with Industry Minister Tim Ayres in Port Pirie for the announcement. It is a short-term fix ahead of the development of a national strategy to assist the metals processing sector that would likely involve long-term loans and equity injections.

Ryan Stokes recruits 'agent of infection' before Santos fight
Ryan Stokes recruits 'agent of infection' before Santos fight

AU Financial Review

time5 hours ago

  • AU Financial Review

Ryan Stokes recruits 'agent of infection' before Santos fight

The arrival of Ryan Stokes into the $36.4 billion bid for Santos adds a fresh twist to the country's largest M&A soap opera. His Beach Energy has eyes for its domestic gas assets. A fresh young executive has entered the villa. On Monday, Beach Energy CEO Brett Woods used his company's annual results to cast doubt on whether the UAE-led consortium's bid for the entirety of Santos was in 'the national interest'.

Thousands of jobs at risk in industry collapse
Thousands of jobs at risk in industry collapse

Perth Now

time8 hours ago

  • Perth Now

Thousands of jobs at risk in industry collapse

Thousands of Australian manufacturing jobs, particularly in regional areas, face significant risk as China intensifies investments to bolster its own manufacturing industries, a new report warns. The research by the McKell Institute reveals approximately 73,000 jobs in Australian regions reliant on refining and smelting metals are vulnerable. The report highlights the town of Port Pirie in South Australia, where state ministers have called for a federal bailout to save its lead smelter, a crucial local employer. If the smelter closes, the report estimates the town's population could drop by around 2,000 people, roughly 11 per cent, as economically productive residents and their families relocate. 'South Australia simply cannot afford to lose industrial anchors such as the Port Pirie smelter – anchors that have sustained regional communities for generations,' McKell Institute chief executive Ed Cavanough said. 'Our analysis shows that if the Port Pirie smelter were to close, the town's population could drop by around 2,000 people – that's 11 per cent – in the first year alone.' The report claims the closure of Port Pirie's smelter could spark a mass exodus from the town. NewsWire / David Mariuz Credit: News Corp Australia The report claims China's 'aggressive' industrial subsidisation, now likely exceeding its defence spending, is a major driver behind the mounting pressure on Australia's refined metals sector. In 2019, China invested an estimated $407 billion in industrial subsidies, enabling it to produce refined metals at significantly lower costs and flood global markets with cheap products, the report said. 'In the short-term, China's geoeconomic strategy is designed to onshore as much global heavy industrial capacity as possible,' Mr Cavanough said. 'In the longer-term the strategic goal is limiting the viability of critical manufacturing in competitor economies, including Australia. 'This would create a huge long-term economic advantage for China, and hobble Australia's industrial capacity.' The report calls for a cohesive national strategy to safeguard the industry. NewsWire / Dan Peled Credit: News Corp Australia Mr Cavanough said other nations are actively responding to these challenges while Australia's current approach of reacting plant by plant is unsustainable. 'Currently, the government is playing industrial whack-a-mole – working with individual refiners to preserve individual plants as they come under threat,' he said. The report urges the Albanese Government to develop a cohesive national strategy to safeguard communities reliant on the industry.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store