ACT Peak Oil

ACT Peak Oil President Alex Pollard today welcomed announcement of a light rail taskforce by the Conservation Council and Canberra Business Council. "An electrified mass transit system will be important if Canberra is to meet emission targets, and a crucial component of any viable transport system after Peak Oil." he said.

"Canberrans can expect ever-rising fuel costs as world oil production peaks and begins an irreversible decline. Even worse, an oil export crisis is forseeable

Speaking today at the Canberra 2020 summit, Alex Pollard, President of ACT Peak Oil, said "The ACT Government's decision to build the GDE with only one lane in each direction is to be welcomed. ACT Peak Oil recognises this decision as a prudent cost saving measure. The daily commute will be uneconomic to most Canberrans within a decade. World oil production is likely to peak and decline imminently. Additional expenditure on the road would have been a waste."