Fracking jobs figures slashed, free water subsidy revealed: New economic report

Fracking jobs figures slashed, free water subsidy revealed: New economic report

A report released last night by the NT Fracking Inquiry reveals a massive drop in projected jobs figures if fracking goes ahead across the Northern Territory.

The previous Deloitte’s report that has been used to push the fracking industry showed that in 2040 there would be 6,321 jobs in the highest possible fracking scenario.

In stark contrast, the new ACIL Allen report shows there will be only 558 jobs in their highest possible development scenario by the year 2043. (See page 138 of the report for a direct comparison.)

“This new economic report by ACIL Allen shows will get less than 10% of the jobs we were told we would get in the previous Deloitte’s report if we allow fracking across the NT,” said Naomi Hogan of the Lock the Gate Alliance.

“The 13,000 jobs figure in the ACIL Allen report is based on adding up the jobs required each year over 25 years. It assumes that every person loses their job after just one year, and then a new position is created. It’s a misleading figure.

The report shows that total employment in the Northern Territory was 132,200 in August 2017. So even if we go with the highest number of fracking wells, we’re still only getting an extra 500 jobs in a year. That’s a tiny 0.4 percent increase in the number of jobs in the Northern Territory.

“The report shows that even if this risky fracking industry were to proceed, there would be less than half of a percent extra jobs created each year in the Territory, and most of these would be for fly in fly out workers from other parts of Australia.

The report reveals that fracking companies will access all their water for free. (See page 52.

“While Territorians pay through the nose for water, this report highlights a NT Government subsidy for the fracking industry to extract billions and billions of litres of Territory water in the coming decades for free.”

“There are other industries in the NT creating far more than a few hundred fly in fly out jobs that do not put groundwater at risk from fracking chemical contamination and spills, and do not rely on getting access to billions of litres of free water.

“Defying scientific reports on the impacts of the fracking industry, the report fails to cost in the impacts on other Territory business who could have their water supply drop, or their water contaminated by spills and leaks.

“ACIL Allen failed to account for any loss of money to tourism operators and food growers that rely on clean uncontaminated groundwater and natural springs.

“This economic model reveals it does not include the costs to the NT economy from having to deal with the long-term contamination impacts of fracking chemical spills.

 

Contact: Naomi Hogan, Lock the Gate Alliance 0401 650 411