General
Northern Endeavour oil platform clean-up could cost taxpayers $1 billion, senator says
A rust-riddled oil vessel anchored in the Timor Sea has cost Australian taxpayers $86 million since February 2020, and independent Senator Rex Patrick believes the final price tag for its clean-up could spiral to $1 billion.
Key points:
- Rex Patrick says the government should never have taken responsibility for the Northern Endeavour
- Costs are spiralling out of control and the Commonwealth is being sued by a creditor of its former owner
- Senator Patrick says the government would have been better off paying the former owner to deal with the issue
“This is a government bungle that will make the Leppington Triangle saga look like pocket money,” Senator Patrick said.
“There are just so many strange aspects to this particular saga … it warrants…
-
Business22 hours agoWhy Auckland Airport, Australian Ethical, Breville, and Clarity shares are charging higher
-
Business24 hours agoMacquarie increases price target for Qantas shares
-
Noosa News24 hours agoHoyts Is Set to Launch Up to Five New IMAX Screens in Australia — Including at Melbourne Central Before the End of 2025
-
Noosa News22 hours agoCommonwealth Bank executive Christopher James McCann found dead in Springbrook National Park