Document ID: chunk:federal_register_of_legislation:C2024C00828:section:27:p2
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 27 (pt 2/2)
Character Range: 141534–142379

321 and paragraph 749(2)(b), if there is a risk that a key greenhouse gas operation will have an adverse impact on petroleum exploration operations, or petroleum recovery operations, that are being, or could be, carried on under:
 (a) an existing petroleum exploration permit; or
 (b) an existing petroleum retention lease; or
 (c) an existing petroleum production licence; or
 (d) a future petroleum exploration permit; or
 (e) a future petroleum retention lease; or
 (f) a future petroleum production licence;
then that risk is not to be treated as significant, and that adverse impact is not to be treated as significant, if the amount that, under the regulations, is taken to be the probability‑weighted impact cost of the key greenhouse gas operation is less than the amount that, under the regulations, is taken to be the threshold amount.