Australian Government / Multinational Corporations

Profits before People

It comes as no surprise to find out that since 2008 the big four Australian banks have been funding fossil fuel projects to the value of approximately $80 billion, including numerous Australian coal and gas projects. That’s what banks do, lend money. Another party to the application to mine is the Australian government and one would have thought that during the due diligence of the mining applications some consideration should have been given to protect Australian business and households against fluctuating market or contract pricing. We all feel the pain of paying exorbitant prices for electricity, gas and every