About $75 billion worth of resource projects have been cancelled in the past 12 months and a further $100 billion are at serious risk For example: BHP has deferred its massive Olympic Dam expansion in South Australia and in Western Australia, Fortescue and BHP have scaled back expansion plans and Japan’s Mitsubishi has shelved the$6 billion Oakajee development about the imposition of new taxes like the mining tax and carbon tax –particularly when we are the only country with a resource based economy to impose an economy-wide carbon tax;
in favour of cultural policies or leisure facilities, for example museus, libraries or public sport clubs