The iron ore price is well above its long-term average. Indeed, at $US50 per tonne it is well above the $US36 price that Wayne Swan inherited in 2007. Blaming the iron ore price for Western Australia’s budgetary woes is like blaming the sinking of the Titanic on the iceberg. Yes, it’s a factor and yes,

Imagine this. You’re a State Government minister. Your department and the most powerful industry it regulates are under fire for failing to comply with your government’s own guidelines. Courts, the media and community groups keep complaining that the industry breaks the guidelines and your department lets them get away with it. Even the consultants you

The Newman government was handing an Indian billionaire billions of dollars of taxpayer money for literally – literally – no reason. During the recent state election, both the LNP and Labor in Queensland broadly supported the Carmichael coal project by Indian mining giant Adani. The key difference was whether they were expecting the taxpayer to

Indian mining company Adani says its Carmichael coal project in Queensland’s Galilee Basin does hundreds of millions of dollars in taxpayer funds promised to it by the Queensland LNP, raising questions over why such a subsidy was offered in the first place. The $450 million rail subsidy, along with the offer to waive royalty payments

Job creation claims relating to coal projects in the Galilee Basin have been inflated by 300%, from 9,000 to 27,000, according to a report by economists at The Australia Institute. The Australia Institute’s Executive Director, Dr Richard Denniss, said the use of input/output modelling used by those championing the Galilee coal projects has been described by the

Once upon a time if a project couldn’t make a profit without government support conservative politicians would have called it a bad investment. Not these days. Take, for example, the Queensland government’s plan to spend $2 billion on coal transport infrastructure trying to make marginal mines in the Galilee basin financially viable. Even after enormous

The Tasmanian Government is taxing electricity users to prop up the losses that keep bleeding from Forestry Tasmania. Indeed, the $30 million “woodchip levy” funded by Tasmanian business and households is significantly larger than the $22 million annual cost of the Renewable Energy Target that some Tasmanian businesses claim to be so disadvantaged by. Energy

In a world in which war is waged for humanitarian reasons but sending doctors and nurses to prevent an outbreak of Ebola is considered too risky, almost any spin seems possible. But surely the mining industry’s claim that the best way to tackle global energy poverty is to build more coal mines takes the biscuit.

The term “energy poverty” refers to people who do not have access to electricity and clean cooking facilities. Globally, 1.3 billion people do not have access to electricity in their houses and 2.6 billion people cook by burning coal, wood and other solid fuels. This has major impacts on people’s health, safety and quality of

The climate debate reveals how confused the philosophical underpinnings of political parties have become, writes Richard Denniss for The Australian Financial Review. Public debate about the details of climate policy can be like seven-year-olds arguing over who would win a battle between Spiderman and The Incredible Hulk. The debate is messy because of the combination

As the world coal price continues to fall, politicians are asking themselves what the Australian economy will look like by the time the downturn bottoms out.They needn’t look far.Tasmania offers a clear road map for what happens to an economy when the price of a significant export commodity falls.And, most recently, with news the Tasmanian

The Abbott government has proposed a “one stop shop” approach to environmental protection to reduce so-called “green tape” and speed planning. The Commonwealth will no longer have oversight for a wide range of developments and it will be left to state governments to consider the national benefit. No one complains about duplication when it comes

In a democracy, power is the ability to talk crap and get and away with it. And nobody talks more crap than coal companies.  The public think that mining employs far more people than it really does, pays far more tax than it really does, and that it kept Australia out of recession during the

Richard debated Stephen Galilee, the head of the NSW Minerals Council on 7.30 NSW regarding their recent attack on our research into mining subsidies. This material sheds light both on our approach to our research and the disingenuous approach taken by the NSW Minerals Council.

The Australian Institute says the Minerals Council members – the large, mostly foreign-owned, mining companies – should explain the attacks on The Australia Institute. The Minerals Council has claimed that The Australia Institute is being directed by a political party. This is untrue and defamatory. The Minerals Council should immediately desist from making such claims

If you’d like to give a presentation on the economics of mining, get in touch with us and we can give you the background information you need.

Gas fields covering NSW farmland and forests are approved largely on the basis of the claims they make about jobs and economic benefits. The gas industry employs some people and generates economic activity, but often not to extent claimed by industry advocates. This fact sheet will assist with arguing against the industry’s shonky economics.

Coal mines on NSW farmland and forests are approved largely on the basis of the claims they make about jobs and economic benefits. Coal mines certainly employ some peopleand generate economic activity, but often not to extent claimed by industry advocates. This fact sheet will assist with arguing against the industry’s shonky economics.

Last week was another big week for The Australia Institute. You might have seen that we launched another major research report, Mining the Age of Entitlement, this time on the $17.6 billion worth of  taxpayer support that State governments have given the mining industry. You might have seen Ben Oquist’s name mentioned in relation to

Age of entitlement lives on: Report exposes billions in government handouts to mining State governments are providing billions of dollars in subsidies to the minerals and fossil fuel industries, a new report by The Australia Institute (TAI) has revealed. The report exposes the massive scale of state government assistance, totalling $17.6 billion over a six-year

A strong majority (83%) of Hunter Valley residents do not want to see the coal industry expand, while 41 per cent would like to see it decrease or be phased out, a new research paper by The Australia Institute finds.  Seeing through the dust: Coal in the Hunter Valley economy will be launched at 10.30am,

MAKE no mistake, if a gas field is approved over the Surf Coast Shire it will industrialise the region. The economics of unconventional gas are pretty simple; once approval for a commercial gas field is granted, the company needs to extract as much gas as possible to maximise its return on investment. That typically means

To paraphrase Winston Churchill — never in the field of budget conflict has so much been extracted by so few at the expense of so many. While the rest of us face a horror budget where we are told to keep calm and carry on, the miners are walking away puffing a cigar and doing the

Today’s Supreme Court judgement reinforces the view that the economics of Rio Tinto’s Warkworth project have never stacked up for NSW or the people of Bulga, according to The Australia Institute.   Two economists from The Australia Institute, Dr Richard Denniss and Rod Campbell, gave evidence in Bulga’s successful Land and Environment Court case against the

Grow your own: the potential value and impacts of residential and community gardening will be launched today at 10.30am by Gardening Australia’s Costa Georgiadis at the Wayside Chapel in Sydney. The Australia Institute paper, by Poppy Wise, reveals two out of three households support more locally produced food via community gardens, school gardens, and in

One in two Australians want more regulation of coal seam gas, while 71 per cent think the federal government should be responsible for regulating the industry rather than individual states, according to new research by The Australia Institute.  Fracking the future: Busting industry myths about coal seam gas will be launched today by former Independent

Tony Abbott recently described the people who take the chainsaws to Tasmania’s native forests as ”the ultimate conservationists”.Seriously. In his speech to the 2014 Forestworks Dinner, the Prime Minister claimed that because the loggers’ future income depends on the availability of trees, they – and not the derided greenies – are the true custodians of

The economy has become a symbol for politicians to exploit rather than a system for them to manage. Prime Minister Tony Abbott’s recent speech about Tasmania highlights that talking about the economy is something politicians like to do, but making good economic decisions has become an optional extra. While Mr Abbott claims that no government

The NSW Department of Planning and Infrastructure has censored parts of The Australia Institute’s submission on the Terminal 4 coal project. The Institute’s submission focuses on the economic assessment of the project and highlights a number of flaws in the economic modelling. Almost a page of text showing the relationship between an “independent” reviewer of

Investments in coal, oil, and gas increase financial risk without increasing returns, according to the new report Climate proofing your investments: Moving funds out of fossil fuels published by The Australia Institute. To meet the internationally-agreed two degree global warming limit, fossil fuel businesses must leave in the ground two-thirds of the reserves currently on