Federal Government subsidy of Beetaloo development

Tamboran Thanks Our Federal Government

For the $1.5B Subsidy for its' Beetaloo GAS Plans

Tamboran is a US-based company that plans to exploit the Beetaloo Basin gas reserves by destructive and polluting Fracking.

They are currently raising investment capital for this project. The prospectus for the "CAPITAL RAISE" is HERE

Below is an extract from this prospectus.

"The Australian Federal Government contributed $1.5 billion towards the development of the MASDP which will provide significant infrastructure to support Tamboran’s NTLNG  (road, rail, electricity, water, deep-water port, module offload facilities, jetty, common user marine berths).” Page 25

There can be no pretense now that the Commonwealth's massive subsidy will directly benefit Tamboran's climate-destroying Beetaloo fracking plans: Tamboran is bragging about it to potential investors!