Leading Australian climate policy experts say a new oil refinery in Western Australia would be an investment in “dinosaur technology” that would require public subsidy and do little to solve the country’s fuel security.
The Albanese government announced a $4m early-stage feasibility study with the WA government for a new oil refinery in the Pilbara region on Tuesday, but experts said the money would be better spent on green technology to reduce Australia’s reliance on fossil fuels.
Experts told Guardian Australia doing the feasibility study was not a bad idea, but would ultimately show the project would be uneconomic and would require government subsidies.
