Japanese and Korean corporate profits are driving Australia’s gas expansion – and the climate is paying the price

A new report from ACF, Jubilee Australia and the Fossil Free Japan Coalition reveals that $20.5 billion from Japanese and Korean public finance institutions has funded Australian gas export projects from 2008 to 2024.

The eye-watering sum is driving Australian gas expansion, like Woodside’s Scarborough gas export project. Scarborough’s lifetime climate pollution? About the same as every flight in the world for a calendar year!

And as new gas projects pump out staggering amounts of climate pollution fuelling more extreme and frequent fires and floods – polluters and big corporations scoop up the profits.

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