A king’s ransom: Public benefit within a modern energy landscape
Australia has an abundance of natural resources and when these resources reside within the land, they are subject to state ownership; the state must look after those resources for the benefit of the public as a whole. Yet public benefit in this context has never been fully defined and is therefore grounded in unarticulated assumptions. Current governance mechanisms are unresponsive to broader social contexts, generally treating economic benefit as the only true consideration. The times are changing and it’s about time our public resource governance does too.