Summary:
In March 2022, four individuals, including one Korean national and three Australian nationals from the indigenous community of the Tiwi Islands, filed a complaint before the Seoul District Court. The complaint specifically targets two public Korean debtor corporations—Korea Trade Insurance Corporation and Korea Export Import Bank—by challenging their financial support for the Barossa gas field development project. This fossil gas reserve initiative, led by SK E&S Co., Ltd. (a South Korean conglomerate), Santos Ltd. (an Australian oil and gas corporation), and Jera Co. (Japan’s largest power company), is located off the coast of Australia’s Northern Territory, near the Tiwi Islands. The applicants oppose the project, highlighting potential irreversible environmental, legal, and financial risks. The plaintiffs argue that endorsing the Barossa Gas Project would violate their constitutional rights to health and a healthy living environment. They are seeking a preliminary injunction to prevent the defendants from supporting the project.
Claim:
The claim underscores the environmental risks associated with the Barossa Gas Project, projecting an annual emission of 15Mt of CO2 and potential harm to the marine ecosystem, including endangered sea turtles, and indigenous communities. Legal risks involve insufficient consultation with indigenous communities and a potential dispute over control of the gas field given its location within the Indonesian exclusive economic zone (EEZ). Financial risks are tied to the project’s inconsistency with climate goals, an anticipated decline in fossil gas demand, and underdeveloped carbon capture and storage technologies. The plaintiffs base their claim on constitutional environmental rights, Tiwi Islanders’ property rights, and the South Korean National Finance Act. They emphasise the deficiencies in the consultation and assessment processes for the proposed Barossa pipeline in a habitat protection zone near the Tiwi Islands. The central issue revolves around whether the Tiwi Islanders were adequately consulted and if environmental and climate impacts were sufficiently assessed for the Barossa project.
Links:
The complaint is accessible for download below (in the original Korean).
Status of the case:
Pending.
Suggested citation:
Kang et al. v. KSURE and KEXIM (South Korea, Seoul District Court), pending case filed on 23 March 2022.
Last updated:
12 December 2023.