Source: US News & World Report
“Australian populist party Pauline Hanson’s One Nation said it wanted to create a Norway-style sovereign wealth fund and for the government to take a share of offshore production licences in federal waters as it unveiled its energy policy at the Australian Energy Producers conference in Adelaide on Thursday. One Nation has surged in popularity this year, winning its first House of Representatives seat, and has backing from Australia’s richest person Gina Rinehart, who recently donated a plane and hosted dinners for the party. … Her plan would see the federal government take a 30% stake in offshore licences, share development and decommissioning costs, and retain part of production for domestic use, including fertiliser and fuels.” (05/21/26)