$41 Billion in Fossil Fuel Projects Strain Construction Supply Chain

$41 billion worth of committed resource and energy infrastructure projects are absorbing construction capacity that could be used to build essential infrastructure, such as housing and roads.Following the Reserve Bank’s latest forecasts, Treasurer Jim Chalmers faces pressure to reduce infrastructure investment to ease inflation and increase housing construction. Cutting back on fossil fuel projects is seen as an effective initial step to address this issue. Key Points: Over half of the $77.4 billion in total committed resource and energy infrastructure projects is allocated to fossil fuels ($41 billion).Government approval of new coal mines or gas expansions diverts resources from essential infrastructure construction.Official government data indicates that fossil fuel projects account for 53% of the total funding committed to resource and energy infrastructure.Taxpayer money is being used to fund private infrastructure projects that