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ASIC complaint lodged against APA Group

By Jason Dasey

APA Group, Australia's largest gas pipeline operator, has had a complaint lodged against it at ASIC.

Equity Generation Lawyers (EGL) and Market Forces are accusing the APA Group of "misrepresenting the costs, scale and financial viability of producing fracked gas in the Beetaloo Basin, Northern Territory".

Their report, Pipeline to Nowhere, claims that fracking the Beetaloo sub-Basin would produce nearly 9.5 times the entire gas required for Australia’s National Electricity Market for the next 25 years.

They say it would take the market 237 years to use this much gas despite Australia’s net-zero by 2050 commitment.

    "We are urging ASIC to investigate how APA misled investors about the size of the gas resource in the Beetaloo Basin and why the company misrepresented the costs of producing the gas," said Kyle Robertson, Head of Research, Market Forces.

ASIC complaint lodged against APA Group By Jason Dasey APA Group, Australia's largest gas pipeline operator, has had a complaint lodged against it at ASIC. Equity Generation Lawyers (EGL) and Market Forces are accusing the APA Group of "misrepresenting the costs, scale and financial viability of producing fracked gas in the Beetaloo Basin, Northern Territory". Their report, Pipeline to Nowhere, claims that fracking the Beetaloo sub-Basin would produce nearly 9.5 times the entire gas required for Australia’s National Electricity Market for the next 25 years. They say it would take the market 237 years to use this much gas despite Australia’s net-zero by 2050 commitment. "We are urging ASIC to investigate how APA misled investors about the size of the gas resource in the Beetaloo Basin and why the company misrepresented the costs of producing the gas," said Kyle Robertson, Head of Research, Market Forces.

We've lodged a formal complaint against APA Group @insideapa.bsky.social regarding the #Beetaloo Basin gas fracking development in the Northern Territory.

www.abc.net.au/news/2026-03... #auspol #climate

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Macquarie has been a little shy 👉👈 … but we know deep down it's just as proud of the billions of tonnes of emissions its financing as it is about doing climate action 🫠

So today we surprised them with an award. 🎖️ #auspol #climate #macquariebank #beetaloo

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Beetaloo Station sold in historic $300m deal to CPC Consolidated Pastoral Company spends more than $300 million to buy the Beetaloo aggregation of stations in the NT.

Consolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m .. #Historic ?

Consolidated Pastoral Company has a long history of buying and selling stations in northern Australia.

#Beetaloo Blink & YOU Miss it ? #Climate ?

www.abc.net.au/news/2025-12...

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Beetaloo Station sold in historic $300m deal to CPC Consolidated Pastoral Company spends more than $300 million to buy the Beetaloo aggregation of stations in the NT.

Beetaloo Station sold in historic $300m deal to CPC #beetaloo #sold #consolidatedpastoralcompany

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The real goal of fracking the #Beetaloo is more LNG exports at the expense of safe groundwater and human health. Beetaloo Energy intends to export 83% of gas it extracts from fracking Beetaloo.

APA and its friends aren’t helping your gas bill, they’re helping themselves.

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Ancient pristine springs in the NT – and the groundwater people rely on – are at risk, all because APA is partnering with two questionable companies to open up dangerous fracking in the #Beetaloo Basin.

Tell @insideapa.bsky.social to rule out new fracking pipelines. marketforces.org.au/apa-group

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If APA Group @insideapa.bsky.social builds new pipelines through the heart of Australia, 1200 fracking wells could be drilled across the #Beetaloo.

Fracking requires toxic chemicals that are dangerous to human health. Once they pollute our soils and drinking water, it’s incredibly difficult to fix.

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Millions of Australians at risk from rising sea levels and heat deaths to soar, national climate risk assessment report warns Climate risk assessment find heat-related deaths would surge 450% in Sydney if global heating surpasses 3C

This is the future APA Group @insideapa.bsky.social is building, if it doesn't cancel plans to build pipelines for the #Beetaloo fracking development.

This is also what most of Australia's top super funds are investing in, when they invest in companies expanding fossil fuels.

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Macquarie can’t be backing the biggest new gas-fracking development in Aus #Beetaloo, while claiming to be supporting climate action.

Macquarie’s board can’t afford to ignore its shareholders and climate science any longer.

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Pipeline to Nowhere: APA Group's dangerous bet on Beetaloo fracking - Market Forces APA Group (APA), Australia’s largest gas pipeline operator, has consistently advocated for the development of massive gas fracking operations in the Northern Territory’s Beetaloo sub-Basin, despite th...

#APA plans to #build #gas #pipelines for #Beetaloo #Energy #Australia (formerly Empire Energy) and #Tamboran #Resources, adding more than double Australia’s #carbon #emissions into the air. #Stand #against this! #climatechange #fossilfuels #climatecrisis
www.marketforces.org.au/campaigns/co...

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Beetaloo is costly, highly polluting and unnecessary.

Market Forces CEO Will van de Pol spoke to ABC Radio National this morning: “Fracked gas from Beetaloo is not needed at all to power Australia and would lead to much higher electricity prices for consumers.” #climate #auspol #beetaloo

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McBank. Vampire Kangaroo. Thames Valley Vulture.
Beetaloo Feral Frackers. Millionaires Factory #EatTheRich

#ClimateChange #Beetaloo #DontFrackTheNT #auspol

getup.org.au/campaigns/climate-justice/stop-funding-fracking-in-the-nt

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Explosive, characteristically careful & detailed investigation by Lisa Cox into the dodgy AF practices of a consulting outfit called Good Advice, acting on behalf of a gas fracker called (can't make this up!) EMPIRE Energy

#Beetaloo #DontFrackTheNT

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Federal Labor ministers at odds over contentious NT gas pipeline decision, internal document shows Exclusive: Agriculture minister Julie Collins and Indigenous affairs minister Malarndirri McCarthy expressed concern over Sturt Plateau pipeline’s construction

Tanya, again, shafting the environment, even when her ministerial colleagues have raised concerns. This was literally her job. Fucked. #Beetaloo
www.theguardian.com/environment/...

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Min. Plibersek declined to call in Tamboran's #Beetaloo fracking plans to be assessed under the EPBC's expanded "water trigger"

So @envirojustice.bsky.social lawyers will be in court 23 June to test whether Tamboran's Shenandoah South Pilot fracking proj should’ve been assessed

livestream link👇

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@albomp.bsky.social govt: where the Agriculture Minister has a better grasp of 'cumulative impacts' on environmental matters AND more care for the impact of APA Group's Sturt Plateau pipeline construction on threatened species than the actual Environment Minister

#DontFrackTheNT #Beetaloo #Tamboran

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Federal Labor ministers at odds over contentious NT gas pipeline decision, internal document shows Exclusive: Agriculture minister Julie Collins and Indigenous affairs minister Malarndirri McCarthy expressed concern over Sturt Plateau pipeline’s construction

Federal Labor ministers at odds over contentious NT #Beetaloo gas pipeline decision. Agriculture minister Julie Collins and Indigenous affairs minister Malarndirri McCarthy expressed concern over pipeline’s construction, and fail to call in using #WaterTrigger. www.theguardian.com/environment/...

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This Tamboran❓ #Beetaloo

"In one incident, the company spilled 1,210 litres of drilling fluids on the Shenandoah South 2 well pad in November 2024"

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#Beetaloo

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'It is insulting': Native title holders claim inadequate consultation before Beetaloo fracking plan approved Traditional owners say they were not adequately consulted before the NT government signed off on Empire Energy's plan to drill nine new gas wells in the Beetaloo Basin.

Empire Energy’s Beetaloo Basin plan for nine new #gas wells approved despite opposition from traditional owners

Wuyaliya native title holders say they were not adequately consulted on Empire Energy's plan to drill nine onshore gas wells in the NT's #Beetaloo Basin

www.abc.net.au/news/2024-11...

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Trump’s new energy tsar linked to fracking in Australia’s Beetaloo basin Environmentalists say appointment of Liberty Energy’s Chris Wright highlights US interests ‘driving fracking’ in Northern Territory

Trump’s new energy tsar linked to #fracking in Australia’s #Beetaloo basin

Environmentalists say appointment of Liberty Energy’s Chris Wright highlights US interests ‘driving fracking’ in #Northern_Territory

www.theguardian.com/australia-ne...

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NT government deal to buy Beetaloo Basin gas from US company labelled ‘carbon bomb’ Climate groups criticise nine-year agreement with Tamboran Resources, while chief minister says it will provide ‘competitively priced gas’ for the territory

"The deal was announced close to a year after the NT government said production could commence in the #Beetaloo basin,
despite science and energy agencies warning there can be no more exploitation of new #oil, #gas and #coal fields if the world is to limit global heating to 1.5C."

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