If something sounds too good to be true, it probably is.
Last week, Port Waratah Coal Services (PWCS) chief executive Hennie du Plooy said in the Newcastle Herald that the proposed Terminal 4 project (T4) would “inject $770million a year into the regional economy during construction and another $418million a year” when operating.
I don’t believe this is correct.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Should Australia ban fossil fuel advertising?
A tobacco-style ban on fossil fuel advertising would be a decisive win for Australia – and the climate.
Here are 23 Times Carbon Offsets Were Found to be Dodgy
Carbon offsetting has received a lot of attention recently. As businesses and governments look to meet their climate targets, many are turning to carbon offsets. That is, they are paying someone else to reduce or avoid putting greenhouse gases into the atmosphere, so they don’t have to.
8 things Chris Bowen didn’t tell you about Australia’s climate failure
Chris Bowen, the Federal Minister for Climate Change and Energy, has presented the Annual Climate Change Statement to Parliament, but it didn’t tell the full story.