Drilling in the Great Australian Bight could spoil the marine environment, critics argued Oil giant Equinor has abandoned controversial plans to drill in the Great Australian Bight in a move hailed by environmentalists as a “huge win”. The Norwegian firm was granted approval last December to begin exploratory drills in seas off South Australia. But on Tuesday it told regulators the plan was “not commercially competitive” compared to options elsewhere. Australia’s government said the withdrawal was disappointing. The Great Australian Bight is said to be one of the most unspoiled marine environments in the world. The shareholders fighting to make oil firms greener Green groups have sought for decades to protect it, but Canberra has been open to extracting the possible oil riches there. Equinor is now the latest oil and gas company to have abandoned proposals for drilling in the area since 2016, following competitors BP, Chevron and […]