The Federal Coalition’s Budget reply looks set to push an out-of-touch fossil fuel fantasy, drilling oil wells that are 90 per cent dry and leaving Australians left holding the empty jerry can.
Analysis shows the Coalition focus on fast tracking oil and gas projects, more drilling and new refineries ignores physical and economic realities:
- With 90 percent of Australia’s conventional crude oil already extracted, what little remains would only meet national fuel needs for less than a year.
- Even if we did fast track oil and gas projects, they couldn’t add to our supplies until the 2030s.
The push for fossil fuels is out of touch with what Australians want, with YouGov polling showing most people want the government to invest in expanding renewable energy solutions over fossil fuels, and support household measures to electrify homes and transport…
Source: Climate Council
Climate Council
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