A report published today by The Australia Institute reveals the NT Government spent $94 million in taxpayer funds over 10 years propping up the fracking industry.
Key findings revealed:
- Unrecovered administration costs totalling at least $33.6 million.
- Subsidised exploration and industry promotion costing at least $60.4 million.
- Instead of funding the onshore oil and gas industry, this money could have paid the salaries of 104 nurses, 94 teachers or 94 Aboriginal health practitioners for a decade.
Fracking in the Northern Territory is dirty, dangerous and a drain on public funds that could be better spent on hospitals and schools.