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MarketScreener Homepage  >  Equities  >  Tokyo  >  Inpex Corp    1605   JP3294460005

INPEX CORP

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Australian Conservation Foundation: INPEX Receives 'Slap on Wrist' Fine for Releasing Toxic PFAS Into Darwin Harbour

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08/14/2019 | 08:36am EDT

MELBOURNE, Australia, Aug. 14 -- The Australian Conservation Foundation issued the following news release:

* * *

- Darwin Harbour is home to protected marine animals such as dugongs, rare sawfish, sea turtles and several types of dolphin, along with dozens of native bird species.

* * *

The Australian arm of global energy giant INPEX was fined $12,600 by the Federal Department of Environment and Energy for breaching its environmental approval by boiling wastewater containing toxic 'PFAS' chemicals at its Darwin Harbour plant, new documents reveal.

Documents obtained by the Australian Conservation Foundation (ACF) under Freedom of Information show INPEX boiled toxic wastewater containing PFAS at Bladin Point on Darwin Harbour in September 2018, likely releasing PFAS into the air and allowing it to disperse beyond the site.

The Department's internal advice states that the offence 'may have placed the immediate environment including Darwin Harbour at risk of heightened PFAS levels.'

The Department issued INPEX with a fine of $12,600 in April. It is not clear whether the community was notified of the offence beyond a brief reference to the infringement on the Department's website.

"INPEX has been caught releasing highly toxic chemicals into the Darwin Harbour environment, which is home to threatened wildlife, yet the fine it has received is nothing but a slap on the wrist," said Shar Molloy, Director of the Environment Centre NT (ECNT).

"Darwin Harbour is home to protected marine animals such as dugongs, rare sawfish, sea turtles and several types of dolphin, along with dozens of native bird species."

PFAS is toxic to human health and is the subject of continuing court cases in Australia and the USA.

The historical release of PFAS from Defence Force bases and airports has raised concern in communities, including Katherine in the Northern Territory, where residents have been found with high levels of the substance and restrictions have been put on eating fish and crustaceans from local rivers.

"The impact of PFAS on the environment is not fully understood, but recent research for the Defence Department finds exposure poses a risk to ecosystems," Ms Molloy said.

"That the only public notification of this incident seems to be a one line statement from the Federal Department of the Environment, shows how deficient the Northern Territory's environmental laws are.

"The NT Government and companies like INPEX that profit from operating here owe it to the NT community to protect us and the environment we love and rely on from toxic industrial pollution."

© 2019 Targeted News Service, source News Service

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EBIT 2020 617 B
Net income 2020 163 B
Debt 2020 978 B
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P/E ratio 2020 7,99x
P/E ratio 2021 7,01x
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Toshiaki Kitamura Chairman
Masahiro Murayama Director, General Manager-Finance & Accounting
Takahiko Ikeda Director, GM-Technology & Head-Compliance
Takashi Kubo Managing Executive Officer & GM-Information System
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