5. Spent $450 million on carbon capture and storage projects (CCS), resulting in every attempted project being cancelled or late, with no carbon actually being captured, mostly because the projects were found to be technically infeasible, financially infeasible, or there just isn't anywhere to store the carbon. The government did not attempt to monitor whether the program successfully captured carbon. Their only success criteria was number of projects funded, regardless of whether the projects work. Even by this measure it was a failure because the committed money ($2 billion) ended up mostly unspent due to project cancellations. The spending program had no conflict of interest safeguards. Coincidentally one of the main Liberal ministers pushing for this cash handout to the fossil fuel industry left parliament for a job as a lobbyist for the fossil fuel industry
- Forums
- Political Debate
- What did the LNP Actually achieve during 9 Years of Government ?
5. Spent $450 million on carbon capture and storage projects...
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit