Tag: billions

Australia's Shame

We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

Fossil fuel subsidies from major economies including Australia reached close to US$700 billion in 2021, almost doubling from 2020, according to new analysis by the International Energy Agency and OECD.

Source: We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

LNP, LNP Corruption, LNP Economic Management

Michael Pascoe: The opportunity cost of the Pork Party – ‘tens of billions’

Michael Pascoe

The billions splurged on the form of appropriation euphemistically called “pork barrelling” makes headlines. What we don’t generally see is the disheartening flipside – the “opportunity cost” of needs unmet because of politicians’ preferences.

Source: Michael Pascoe: The opportunity cost of the Pork Party – ‘tens of billions’