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mmerlin | 1 year ago

Australia is burdened with ex-PM John Howard's fixed-price gas export deals until 2031.

500% domestic price rises.

https://www.macrobusiness.com.au/2024/06/japan-and-albo-rort...

"Cheaper" for the state of Victoria to re-import the gas already exported e.g. by Queensland to Japan at a loss (when subsidies and cleanup costs added - no security deposits to cover the cleanup of abandoned sites and offshore drilling rig abandoned offshore).

Liberal petro-lobbyists using their failed policies as a reason to start fracking farmland.

Gross failures in governance, because the entrenched system of post-politics "jobs for our mates" are awarded to the political stooges.

IIRC pretty much every single Australian mining or resources minister post-politics works for the same companies they gifted billions to as a legislator.

discuss

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ggm|1 year ago

Victoria == East coast. (For anyone who doesn't know)