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   BellingenNSW (bellingen@mastodon.au)'s status on Friday, 10-Nov-2023 18:19:28 JST BellingenNSW

   Despite $246.9 million in taxpayer money, Forestry Corporation still lost $28 million
   "The Nature Conservation Council of NSW has today released a new report from Frontier Economics which reveals for the first time that hundreds of millions of taxpayer dollars have been gifted to the taxpayer owned logging business Forestry Corporation NSW over the past five years."

   "The report finds the taxpayer-owned logging business received $246.9 million worth of grants since 2019/20 financial year, while the hardwood division (which is responsible for native forest logging) made a loss of $28.2 million over the same period"
   >>.
   https://www.echo.net.au/2023/11/despite-246-9-million-in-taxpayer-money-forestry-corporation-still-lost-28-million/

   "The NSW Government needs to come to terms with the fact that native forest logging is a dying industry and make a plan for a transition. How much more taxpayer money has to be wasted and endangered animals killed before this reality sinks in?" Statements attributable to NCC Chief Executive Officer Jacqui Mumford
   >>
   https://www.miragenews.com/forestry-corp-loses-28m-despite-246-9m-taxpayer-1120847/

   Public native forest logging: a large and growing taxpayer burden, report
   "The Nature Conservation Council of NSW (NCC) asked Frontier Economics to examine the financial and budgetary drivers behind the Victorian Government’s decision to accelerate the closure of its public native forest logging (NFL) – and how comparable these drivers are in New South Wales and Tasmania.
   Poor financial performance and associated budgetary burdens associated with State run NFL operations are common across Australian jurisdictions. Taxpayers are bearing the cost burden of these risky and persistently loss-making government businesses."
   >>
   https://assets.nationbuilder.com/natureorg/pages/2713/attachments/original/1699421741/23-11-02_Public_native_forestry_a_growing_taxpayer_burden_Final_report_STC_%281%29.pdf?1699421741
   #NSWLogging #LoggingIndustry #NFL #tax #NativeForests #StopLogging #degradation #biodiversity #ThreatenedSpecies #habitat #TheGreatKoalaGhetto #wildlife #koalas #ClimateEmergency #ExtinctionCrisis #conservation #SaveTuckersNob