Industry job losses prove gas-led recovery is failing: Report

Original article by Rod Myer
The New Daily – Page: Online : 25-May-21

The federal government is calling for a gas-led economic recovery, but the Australia Institute claims the gas industry has reduced staff during the recovery from the pandemic. The Institute states the gas industry only employs 42,000 people, and that the sector has shed 3,800 jobs since May 2020. Institute chief economist Richard Dennis claims that if the rest of the economy had declined at the same rate as the gas industry since then, total employment would have fallen by 1.3 million. However, Australian Petroleum Production and Exploration Association CEO Andrew McConville claims the gas industry currently contributes $62 billion to the economy and around 13 per cent of exports

CORPORATES
THE AUSTRALIA INSTITUTE LIMITED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED

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