Fracking in Lake Eyre the ‘height of folly’, report suggests

Economic analysis suggests any proposal to allow fracking in Queensland basin would not be commercially viable

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The expansion of fracking in the Lake Eyre basin would be the absolute height of folly" and its high cost, high emissions unconventional gas could rapidly create stranded assets, a report has found.

The basin - home to one of the world's last major free-flowing desert river systems - sprawls over nearly one sixth of the Australian continent, covering parts of the Northern Territory, South Australia, New South Wales and Queensland.

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