A feasibility study for a new oil refinery in Western Australia has been criticized by climate policy experts, who label it as an investment in outdated technology. They argue that the project would likely be uneconomic and dependent on government subsidies, diverting funds from more sustainable energy solutions. The Albanese government recently announced a $4 million feasibility study for the refinery, which experts believe will ultimately show it is not a viable option for enhancing fuel security.
Experts emphasize that Australia’s reliance on foreign fuel imports is significant, with only a small percentage refined locally. They advocate for investment in renewable technologies instead, suggesting that any subsidies should focus on innovative solutions rather than traditional refining methods that may not meet future energy needs.