The resources industry has championed Australian Prime Minister Scott Morrison after calling for reform of the environmental conservation act that had previously left mining and gas projects waiting years for approval and cost companies up to a million dollars a day. Despite a global landscape imbued with growing debt following the effects of the COVID-19, Australia’s rebounding economy and big budget bounce back has been underpinned by a booming resource export economy and a growing demand for minerals such as iron ore. In a letter, Morrison requested Federal Opposition Leader Anthony Albanese support the enactment of two bills (to be debated in Parliament this week) that seek to modify the Environment Protection and Biodiversity Conservation (EPBC) Act, drastically shortening project approval time, reported The West Australian. “Failure to pass legislation this week increases the risk these agreements will not be in place this year and stands in the way of jobs and …
Aussie PM Pushes to Cut Million-Dollar Delays in Mining and Gas Projects
June 21, 2021
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