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.

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