Tom Swann Profile picture
May 11, 2021 16 tweets 8 min read Read on X
Fossil fuel subsidies in #Budget21 :
- money for billionaire Twiggy Forest's gas generator.
- more for other gas gens.
- subsidies to new gas basins.
- subsidies for oil.

#FundOurFutureNotGas #auspol
Fossil fuel subsidies apparently the best examples of "economic resilience", presented without irony immediately above funding for disaster response funding.
Including 'the Australian Climate Service'
Santos' Barossa LNG project would be Australia's highest CO2 LNG project and amongst the highest in the world.

It would produce more CO2 than actual LNG.

Commonwealth govt loves it so much it gets a shout out in the budget.
Ongoing "contingent liabilities" so complex they can't be quantified,

- free insurance for Chevron in case its Gorgon CCS project fails again in the future,
- various costs of an oil import crisis (if only there was some form of energy we could generate domestically)

#Budget21
The Aust govt loan to PNG LNG that started civil conflict when the landholders weren't paid. Good times.
Another spray of $ for fossil gas projects and studies, including

- $5.6m for another gas plan,
- $3.5m "to facilitate Commonwealth investment in critical gas infrastructure projects."

There we are: govt planning to use public $ to fund gas pipelines.

#FundOurFutureNotGas
A spray of $ in #Budget21 for fossil gas projects and studies, incl:

- $5.6m for another gas plan,
- $3.5m "to facilitate Commonwealth investment in critical gas infrastructure projects."

There we are: govt planning to use public $ to fund gas pipelines.

#FundOurFutureNotGas
In Treasurer @JoshFrydenberg's speech for #Budget21, he announces new subsidies for gas, and then without any irony, pivots immediately to rhetoric about protecting the environment.
Funding to crack open two more new fracked gas fields, and

$2.2m over 3 years for the Northern Land Council to "facilitate land use agreements... in the Beetaloo sub basin". Loose change for traditional owner agreement, subtle.

#budget21 #FundOurFutureNotGas
#Budget21 includes money to build roads for fracking trucks in the Beetaloo Basin. Literally called the "gas industry roads upgrade program".
Fossil gas subsidies in #Budget21
- spray of $ for projects that don't need it, shouldn't be funded
- new funding to design a "framework" for even bigger govt funding for gas pipelines.

#FundOurFutureNotGas

Australian govt funding to fossil gas already most of a billion $.

#Budget21 offers up even more, and sets up the government to 'invest' more public money in gas.

Public money better spent on nearly anything else.

#FundOurFutureNotGas

Here's a particularly egregious bit of fossil fuel subsidy in #budget21

The "baselines" for emissions are set so high companies almost never reach them.

Now the govt will pay these companies to "reduce" emissions below that baseline.

What used to be called "hot air".
This funding will almost certainly go to gas companies to pay them to upgrade their massive facilities.

The person who proposed the policy used to run one of Australia's biggest gas companies.

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More from @Tom_Swann

Feb 18, 2023
Late night trawling of govt energy and emissions docs. A lazy unplanned thread👇
This was the newish Labor's govt's emissions projections in Dec 2022. "Additional measures" the estimated impact of govt policy.

Small size of the cut speaks for itself, but note also it doesn't get to the target.

(projections are dodgy. just saying)
We're now all [ish] finally paying attention to the "safeguard mechanism".

The last emissions projections assumed it would reduce emissions from covered facilities "pro rata" ie 43%.

The govt has now declared it will do only 30% under SGM facilities.
Read 10 tweets
Nov 26, 2021
A year and a half after the govt put gas executives in charge of the COVID Commission, and weeks after COP26, we have today a new national plan to subsidise gas pipelines across Australia.

Here's the report, lowlights threaded

energy.gov.au/publications/2…
From the exec summary "Gas supplies are likely to fall short of domestic ///and export/// demand by the end of the decade if further action to unlock supply and deliver key infrastructure is not taken by industry"

Ie - subsidies to prop up bad investments in export terminals
Notorious non tax paying Santos has made clear that its interest in the Beetaloo is focused on exports.

Why on earth would we subsidise that?
Read 14 tweets
Nov 24, 2021
higher petrol prices must have people thinking more about EVs. does anyone know, or have a simple modelling tool, for how much petrol prices impact the payback period for EVs?
obviously depends on lots of things - better fuel economy of alternative means less impact, amount of kms driven means more impact, etc.
and whether you are using real time pricing or own supply solar to charge
Read 4 tweets
Aug 24, 2021
Report just dropped, into the Beetaloo gas grants scheme and the #RortFiredRecovery. Rolling thread as I work through it parlinfo.aph.gov.au/parlInfo/downl…
This report is a majority report, backed by the Labor and Greens Senators.

Straight off the bat:
If gas companies getting subsidies for exploration go on to make a lot of money, they should have to pay the subsidies back.
Read 37 tweets
Aug 24, 2021
Guardian blog reporting that Labor will vote to SUPPORT the government's Beetaloo #RortFiredRecovery

$21m to a company
- neck deep in the Liberal party,
- wined and dined Taylor and his head fundraiser,
- NT govt said was not eligible for the $

backed by ALP.
Senate has the chance to stop this rort to Liberal mates. Is the ALP really going to support it? #RortFiredRecovery

thesaturdaypaper.com.au/news/politics/…
Want the sordid timeline? All information here came out through a Senate inquiry backed by the ALP. reneweconomy.com.au/timeline-to-ga…
Read 4 tweets
Aug 22, 2021
Clearest explanation I've heard of what Doherty modelling actually says and doesn't say just now from ACT Chief Minister.

Will be months before thresholds met and even then, "Broad brush talk of 'open up' does not mean there will no public health response".
Also, crucially, we are not starting from where the modelling starts - it assumes no/ v low outbreaks, not current situation
All journalists covering covid response should watch the ACT pressers. Beyond the local matters, super clear explanation of the national situation, calling out misunderstandings without blaming others
Read 6 tweets

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