Oil in the Great Australian Bight
Norwegian oil company Equinor is planning exploratory drilling for oil and gas in the Great Australian Bight beginning in late 2020. Modelling commissioned by the oil and gas lobby shows that South Australia is unlikely to receive any noticeable benefit from tax payments as a result of oil and gas production in the Great Australian Bight. The tourism, fishing and aquaculture industries on the SA coast already employ over 10,000 people and provide sustainable benefits through locally owned businesses. Across South Australia, Victoria and Tasmania, those same industries currently employ over 27,000 people. These jobs would be put at risk by oil development in the Bight.