Australia

Great Australian Bight

A Matter Of Independence: Equinor And Drilling The Great Australian Bight

Dollar signs flashed with seductive calling: oil exploration in the Great Australian Bight could see “more than 2,000 jobs in South Australia” while generating some $7 billion in average annual tax revenue for state and federal governments. A future indirect effect is also praised: between 2020 and 2060, additional activity and “associated tax revenue” would see the creation of 5,000 jobs.