Research // Fossil Fuel Mining
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July 2024
The oil and gas industry in South Australia
Oil and gas extraction in South Australia employs just 833 people, 0.1% of SA jobs. Petroleum royalties make up 0.4% of the state budget. On oil and gas production worth $1.7 billion in 2021-22, the industry paid at most $99 million in federal tax, of which Santos paid zero. Despite this, the industry has significant
June 2024
Gas industry claims debunked
War in Ukraine has seen oil and gas export revenue out of Australia increase from $40 billion in 2020-21 to $107 billion in 2022-23. Lobby group forecasts of $17 billion in 2023-24 payments to government should be considered in this context.
May 2024
Australia’s great gas giveaway
According to the Australian Government’s Future Gas Strategy, gas is “critical” to the nation’s economy.
Budget revenue from WA gas exports
Royalty revenue from WA gas exports has halved in the past two years and now makes up just 1.5% of budget revenue.
Fossil fuel subsidies in Australia 2024
Australia’s subsidies to fossil fuel producers and major users from all governments totalled $14.5 billion in 2023–24, increase of 31% on the $11.1 billion recorded in 2022–23.
Australia’s Fuel Tax Credits and the debate over fossil fuel subsidies
The Fuel Tax Credits Scheme costs the Federal Budget nearly $10 billion per year and largely benefits iron ore and coal miners.
Gas in WA: the economy
WA is a globally significant gas exporter, but gas is insignificant in the WA economy.
April 2024
Submission – PRRT: Delivering fairer and bigger returns, always
Submission to Senate Standing Committees on Economics inquiry into the Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023 [Provisions].
March 2024
Submission: Glendell Mine Modification 5
A submission made by The Australia Institute to the NSW Department of Planning, Housing and Infrastructure regarding the Glendell Mine Modification 5. The Modification should be rejected on both economic and environmental grounds. At the very least, it should be subject to a comprehensive economic assessment before a planning decision is reached. The Australia Institute
Saying ‘no’ to Santos: Submission regarding the Offshore Petroleum and Greenhouse Gas Storage (Environment) Regulations 2023
Offshore gas must not bypass genuine consultation with traditional owners or the wider community. Adequate consultation will always challenge the crumbling social license of fossil fuel operations – perhaps that is why there are proposals to “clarify and improve” consultation and approvals?
Submission: NSW Planning system and the impacts of climate change
The Australia Institute made a submission to the NSW Parliamentary Inquiry into the NSW Planning system and the impacts of climate change on the environment and communities.
November 2023
Polling: Climate Change and Health
The Australia Institute surveyed a sample of 1,535 Australians about their concerns regarding the impacts on human health from fossil fuel projects.
Gas Bagging
Despite the claims to the contrary by the Northern Territory government, development of the Beetaloo Basin’s gas resources will be of little benefit to Territorians. Modelling used by the NT government itself shows that the development of the Beetaloo Basin will not diversify the NT economy, aid the transition to net zero emissions, provide cheap
October 2023
The economic impacts of gas development in the Northern Territory
Gas development has few economic benefits beyond those that flow to the gas industry itself. The industry is a small employer, systematic non-payer of tax and crowds out other industries.
September 2023
Climate of the Nation 2023
The Australia Institute’s annual Climate of the Nation report provides a comprehensive account of Australian attitudes towards climate change, its causes and impacts, and the integrity of Australia’s current and proposed climate solutions.
NeuRizer underground coal gasification project – economic considerations
The Australia Institute welcomes the opportunity to make a submission on the Syngas and Power Generation, Stage 1 Commercial Development, NeuRizer Urea Project, which is currently open for public comment under the Environmental Protection and Biodiversity Conservation (EPBC) Act Public Portal.
August 2023
Emissions from the Tamboran NT LNG facility
The NT LNG facility aims to produce up 20 million tonnes of LNG per year for export using gas fracked from the Northern Territory’s Beetaloo Basin.
Submission on the sea dumping and carbon capture and storage bill 2023
This Bill appears primarily aimed at facilitating the Santos Barossa Project, its related Bayu-Undan carbon capture and storage (CCS) project and other fossil fuel projects off Australia’s northern shores. CCS is a technology that has failed for decades, a fact omitted by public agency submissions relating to this Bill.
May 2023
Lake Vermont-Meadowbrook Coal Mine Extension
The economic assessment of the Lake Vermont project heavily understates its costs and overstates its benefits. At the USA Environmental Protection Agency’s central social cost of carbon estimate, the cost of the direct emissions alone is $4.1 billion, greater than the estimated royalty revenue – $1.1 billion.
The New Safeguard Mechanism and the Santos Barossa Gas Project
The Safeguard Mechanism now requires stronger action to cut pollution from gas projects including full abatement of reservoir emissions.
Submission: Boggabri Coal Mine, Modification 8 Proposal
The Australia Institute made a submission on the Boggabri coal mine’s latest expansion proposal.
March 2023
Northern direction: If NSW had the Queensland coal royalty system
If NSW had adopted Queensland’s progressive coal royalty system in 2021-22 it would have raised an additional $2.8 billion. For 2022-23 this figure is estimated at between $4.2 billion and $6.2 billion.
February 2023
Submission – Hunter Valley Operations coal mine expansion
The Australia Institute made a submission on the Environmental Impact Statement of the Hunter Valley Operations coal mine expansion proposal. Our submission focuses on the economic assessment of the project, written by Ernst and Young (EY). EY’s assessment overstates the benefits of the project and understates its costs. It is not suitable for decision-making purposes.
December 2022
Move on, nothing to see here
The Australia Institute made a submission on the revised Environmental Impact Statement (EIS) for Whitehaven Coal’s Winchester South proposal. Our submission focused on the economic assessment within the EIS, conducted by Deloitte Access Economics.
From Russia with love
Australian coal export revenue increased by $73b, or 186% in 2021-22. Between $21b and $39b of this is directly attributable to the Russian invasion of Ukraine.
Submission on Moolarben OC3 Coal Extension Project
The Australia Institute made a submission on the Environmental Impact Statement of the Moolarben OC3 extension project. The economic assessment of the project heavily understates its costs and overstates its benefits. At the USA Environmental Protection Agency’s central social cost of carbon estimate, the cost of the direct emissions alone is $156 million, greater than estimated royalty revenue – $152 million.
November 2022
Submissions on reconsideration of fossil fuel projects under the EPBC Act
In early November 2022, Federal Environment Minister Tanya Plibersek agreed to reassess 18 fossil fuel projects that had previously been approved under the Environmental Protection and Biodiversity Conservation (EPBC) Act. The reassessment was requested by the Environment Council of Central Queensland, represented by the law firm Environmental Justice Australia.
Submission: Inquiry into supporting democracy in our region
Australia can contribute significantly to democracy, security and prosperity in our region by addressing the region’s most existential threat, climate change, and by better governing our own resource sector.
Trade with no cap
The Australia Institute made a submission on draft legislation that would establish a new kind of carbon credit in Australia. The proposed Safeguard Mechanism legislation fails to clarify how new entrants will be managed and does not address integrity and additionality concerns around offsetting units.
October 2022
Submission on draft terms of reference for Valeria Coal Project environmental impact statement
The Australia Institute made a submission to the Queensland Coordinator-General’s consultation on terms of reference for the Valeria Coal Project environmental impact statement. The economic assessment of the project should include coal market scenarios that reflect climate action required to meet the Paris Agreement. Methods used by coal industry economists to downplay the costs of carbon emissions should be explicitly ruled out.