The Federal Greens have warned that billions of dollars worth of coal seam gas investment may become stranded assets within decades.

 

Greens lower house crossbencher and industry and workplace relations spokesperson, Adam Bandt, has warned the Federal Government that the impact of the emissions of the technology will ensure that it will be targeted by the government’s proposed carbon pricing scheme.

 

“In 20 or 30 years'  time we are going to have all of this massive infrastructure that is effectively stranded assets,” Mr Bandt warned.

 

Mr Bandt's comments came as Federal Greens leader Bob Brown said there was uncertainty as to whether switching from coal to gas would cause any reductions to emissions from electricity generation.