This PRRT mess? Blame the Howard Coalition gov. In 2004 they gifted gas giants a 150% uplift on exploration deductions—letting them rack up massive carry-forward credits that wipe out super-profits tax for decades. Result: LNG boom, but zero/few royalties + minimal PRRT while we export billions.
Hawke/Keating set PRRT up fairly in '87; Howard handed multinationals the keys to dodge it. Time to reverse the corporate welfare & tax our resources properly—like Norway does.

#Auspol #PRRT #GasRorts #TaxTheRich #ResourceCurse

https://www.theguardian.com/australia-news/2016/may/14/oil-companies-skip-main-resources-tax-thanks-to-fossil-fuel-search-incentives

Oil companies skip main resources tax thanks to fossil fuel search incentives

They are making use of generous deductions they receive for costs incurred in exploring for new reserves

The Guardian
Can Uganda leverage oil to turn around economy? [Business Africa] http://newsfeed.facilit8.network/TQMMgR #Uganda #OilEconomy #ResourceCurse #CrudeOil #EconomicGrowth

🇪🇺 💥 Mr. Joám Evans: "The Securitization of Minerals in the EU: Why Europe is Not Immune to the Resource Curse"
A must-read for all European defenders of the land!
https://www.15-15-15.org/webzine/2025/12/24/the-securitization-of-minerals-in-the-eu-why-europe-is-not-immune-to-the-resource-curse/

🎨 by Panduriño.

#RearmEurope #Mining #ResourceCurse #RawMaterials #CriticalMinerals #EuropeanCommission #EnergyTransition

Child poverty, homelessness hit new highs in mining-rich WA

"Findings from the Child Poverty in Australia report released on Monday found one in six children in WA are experiencing food insecurity, poor housing conditions and limited access to healthcare. More than 100 children and young people are sleeping rough in Perth every night, charities say."
>>
https://www.abc.net.au/news/2025-11-17/child-poverty-homelessness-hit-new-high-in-mining-rich-wa/106017944

‘From quarry to country - the 'resource curse’
"Australia a glorified quarry with some beaches. Australia does little besides digging stuff out of the ground to create national prosperity." Governance and tax enforcement is “the invisible machinery that turns a quarry into a country."
>>
https://www.thenewdaily.com.au/opinion/2025/11/11/the-stats-guy-resource-curse
#mining #wealth #children #unhoused #ChildPoverty #ResourceCurse #governance #extractivism #Australia #Country

Nobel prize for studies of how institutions are formed and affect prosperity
500 years of European colonialism, extractivism and the resource curse

"Among countries colonized by European powers during the past 500 years, those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal weighs against a view that links economic development to geographic factors. Instead, we argue that the reversal reflects changes in the institutions resulting from European colonialism. The European intervention appears to have created an “institutional reversal” among these societies, meaning that Europeans were more likely to introduce institutions encouraging investment in regions that were previously poor. This institutional reversal accounts for the reversal in relative incomes. We provide further support for this view by documenting that the reversal in relative incomes took place during the late eighteenth and early nineteenth centuries, and resulted from societies with good institutions taking advantage of the opportunity to industrialize."
>>
Daron Acemoglu, Simon Johnson, James A. Robinson, Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution, The Quarterly Journal of Economics, Volume 117, Issue 4, November 2002, Pages 1231–1294 (PDF>)
https://economics.mit.edu/sites/default/files/publications/reversal-of-fortune.pdf
#colonialism #extractivism #SettlerSociety #IndigenousPeoples #SocialRelations #PE #economics #democracy #RuleOfLaw #AuthoritarianRegime #populism #corruption #goverance #reforms #distrust #UnevenDevelopment #democracy #institutions #ResourceCurse #nobel

Socio-environmental conflicts of neo-extractivism and environmental regulation in Australia

"We've got a total capitulation and cave-in to the mining industry who want to keep polluting, and the logging industry who want to keep logging, It's a total betrayal, and it really shows a total lack of conviction from this government on doing the right thing by nature and keeping their promise to the community."

"The Greens have laid out two key demands for their support — changes to native logging rules, and a climate test added to environmental approvals.Our current environment laws allow native forest logging and climate damaging projects without any assessment. Those loopholes need to be closed."
>>
https://www.abc.net.au/news/2024-09-09/federal-government-environment-protection-agency-negotiations/104325642

Svampa, M. (2019). Neo-Extractivism in Latin America: Socio-Environmental Conflicts, the Territorial Turn, and New Political Narratives. Cambridge: Cambridge University Press.
>> https://doi.org/10.1017/9781108752589
#environment #extractivism #ResourceCurse #RawMaterials #FossilFuels #mining #loggingIndustry #ExtractiveViolence #harm #SettlerSociety #EPA #IndigenousPeoples #SocialEnvironmentalConflicts #biodiversity #laws #PoliticalEcology #ClimateEmergency

The federal government's environment 'tough cop on the beat' might not be arriving anytime soon

The federal government's plans to establish an environmental protection agency have hit a political impasse, calling into question whether the election commitment can be met before the end of this term of parliament.

ABC News
Cabo Verde vs. São Tomé: Two island nations, one thriving on tourism, the other hampered by the promise of oil. What can we learn from their economic journeys? 🏝️🛢️ #ResourceCurse #EconomicGrowth #IslandEconomies Read more: https://www.ryanjhite.com/2024/04/25/the-parallels-and-paradoxes-of-cabo-verde-and-sao-tome-and-principe-a-tale-of-two-island-nations/
Cabo Verde and São Tomé: A Comparative Study of Island Economies and the Resource Curse

Explore the parallel histories and divergent economic paths of Cabo Verde and São Tomé and Príncipe

Ryan J. Hite

https://www.levernews.com/private-prison-firms-set-to-cash-in-on-immigrant-surveillance-boom/

#surveillancecapitalism #BorderRule #ShockDoctrine: the program, which currently keeps tabs on nearly 200,000 immigrants using technologies like ankle bracelets and facial-recognition apps, could eventually track millions of people caught in the immigration system. 
multi-million-dollar lobbying shaping ICE’s vast, and growing, surveillance regime.
#WaterWars #ResourceCurse #TheFutureIsRubble

Private Prison Firms Set To Cash In On Immigrant Surveillance Boom

Companies are salivating over a proposal to electronically track millions of people caught up in the U.S. immigration system.

The Lever
A sordid twist on the #ResourceCurse: "Lucky" #Shell.😒 We have to end #FossilFuel reliance — for so, so many reasons. They should not be a winner from this situation. https://www.theguardian.com/business/2023/oct/16/shell-shares-hit-israel-hamas-war-oil-price-supply #FossilFuels
Shell shares hit record high as Israel-Hamas war drives up oil price

Analysts say traders have started to price in disruption that conflict could cause to global oil supply

The Guardian