Planned new major Australian resource projects are stalling at more than double the rate of a year ago with new analysis by the Government’s Chief Economist exposing $119 billion of stalled and cancelled projects in the coal, iron-ore and gas sectors.

Shadow Minister for Resources, Senator Susan McDonald has praised coal miner New Hope for weathering a now-abandoned legal storm brought on by the taxpayer-funded Environmental Defenders Office.

A new Government report released today has confirmed that the Albanese Labor Government has been unable to secure affordable gas for Australians, with supplies now on a knife edge while the cost of living crisis drags into 2025.

The Albanese Federal Government must explain why preparations are being made to import gas – potentially from the Middle East or USA – instead of allowing companies to access our own vast reserves.

Shadow Minister for Northern Australia, Senator Susan McDonald has scoffed at Labor’s sudden interest in upgrading the Bruce Highway, urging the Federal Government to stop using a major Queensland issue for political point-scoring.

New reporting from the Government’s Chief Economist has confirmed that the future pipeline for Australia’s resources sector is crumbling under Labor.

The Albanese Government must urgently reset the national conversation on mining and boost productivity in the resources sector amid industry criticism of flagging confidence brought on by struggling commodity prices.

Trade and industry concerns that LNG export contracts may be capped or limited in the new year is the latest signal that the Labor Government has failed to support Australia’s gas market, and severely damages Australia’s hard-earned international brand as a reliable trading partner and defence ally.

Today’s Energy Ministerial Council meeting confirmed that a nation with an abundance of gas is facing a gas shortage thanks to a combination of State and Federal Labor party policies that have crippled investment, damaged sovereign risk, and failed to bring on new gas supply.

Labor’s last-minute amendment to block any support for gas, oil or coal under their Future Made in Australia legislation, will compound growing international uncertainty about Australia’s trade credentials.