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Nationalise the liability and privatise the profits. That's the way of the capitalist.
Obviously a great deal! They get the oil for peanuts and the taxpayer funds the clean up. Albo should be having a good hard look at all this gas and coal that he’s approving. Seems that politicians can’t act in the public interest.
The Australian government faces having to pay hundreds of millions of dollars to the American oil and gas company Chevron to help it clean up oil wells on Barrow Island, in Western Australia, under a deal made in the 1980s.
Did you read the article mate? Like, you're not wrong about the deals his gov is approving now, but this wasn't his fluff up.
Yep I did read it and my point was that if the government is approving new fossil fuel deals, they should not cost the taxpayer for the cleanup.
Now just imaging what would happen if Fracking is ever legalised.
The whole Fossil Fuel Industry is pumping all its advertising and lobbying budget into forcing this to go ahead.
That is why Victoria has a useless desalination plant.
That is why there is so much Astroturf against Windfarms and Solar Batteries.
That is why certain Australian billionaires are funding so much Politics.
Can't we just do what the african nations do to china and just go "lol no"
Something something, rules based order, something something ruining our reputation.
But honestly, we need to get legislation in place to stop governments making such plainly terrible deals in the first place.
If it's not profitable, but has to get built, that's just screaming government should built and control it.
Why we keep subsidising hugely profitable companies is beyond me.
And where old contract terms are unfair, we ought to grow some balls and say: we're reneging on this as a sovereign entity, because the terms were unfair, and oil and gas companies have lobbied like crazy to make them happen.
We should make these past injustices against Australia, right.
Try let the Americans coup us, at least it'll be overt