Another Major Firm Quits Oil Drilling In Great Australia Bight

After European and U.S. supermajors quit exploration for oil and gas in the Great Australian Bight, now Santos and Murphy Oil relinquished on Friday their right to drill in the large open bay off the southern coastline of mainland Australia. Australia-based Santos thus becomes the fourth major oil and gas firm to abandon efforts to drill in a pristine part of the ocean off Australia’s southern coast—a move hailed by Greenpeace as “a momentous win for people and planet.”   On Friday, Santos said via a spokesman in a…