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Strypey
@strypey@mastodon.nzoss.nz  ·  activity timestamp 2 weeks ago

"So far, the oil proceeds have not led to significant diversification of the Timorese economy, or to much in the way of private sector development. Successive Timor-Leste governments have pinned their hopes on the Greater Sunrise liquefied natural gas field — estimated to have a potential worth of over US$33 billion— as the country’s economic saviour."

#GordonCampbell, 2025

https://www.scoop.co.nz/stories/HL2510/S00066/on-labours-cgt-the-governments-mean-spirit-and-timor-lestes-future.htm

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#TimorLeste #FossilFuels #EconomicDevelopment

https://www.scoop.co.nz/stories/HL2510/S00066/on-labours-cgt-the-governments-mean-spirit-and-timor-lestes-future.htm
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Strypey
@strypey@mastodon.nzoss.nz replied  ·  activity timestamp 2 weeks ago

Timor-Leste's experience exposes the folly of expecting fossil fuel extraction to drive economic development. As does Venezuela's. Kiwis needs to pay close attention to how it's worked out for them, and ask the NatACTs why they seem hellbent on driving us down the same dead end road.

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