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The Conversation
The Conversation
Diane Kraal, Adjunct Senior Research Fellow, Business Law and Taxation Dept, Monash Business School, Monash University

Is Australia ‘giving away’ its natural resources?

Joseph Stiglitz Australia Ross Garnaut Oil
KDS Photographics/Shutterstock

Speaking on ABC’s Q&A on Monday night, Nobel Prize-winning economist Joseph Stiglitz claimed Australia was “giving away its natural resources”, something he found “mind-boggling”.

He said that if Australia made the fossil fuel industry pay for the value of the resources it extracts and its fair share of taxes, “you wouldn’t have the problems that you have today”.

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