Business
‘Zero return’: government savaged over taxpayer grants to open up new gas basin in Australia – The Guardian
Coalition funding for gas exploration in Northern Territory labelled a costly plan ‘for a climate catastrophe’
The Morrison government has been accused of embarking on an expensive plan for a climate catastrophe after it announced it would pay the gas industry up to $50m to speed up exploration in the Northern Territory.
The commitment, revealed on Thursday, also prompted warnings that taxpayers money could flow offshore to companies linked to tax havens and a Russian oligarch.
Keith Pitt, the federal minister for resources, water and northern Australia, said the government would offer grants to accelerate…
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