The PNG people would have been better off if the project had never happened, according to the analysis, commissioned by research group Jubilee Australia. The Jubilee report made several recommendations to the Australian government, including the development of a code of conduct for economic modelling. ExxonMobil did not respond to questions about the Jubilee report. Efic was asked detailed questions about the economic outcomes of the project. The funding of the PNG LNG project was “the biggest decision Efic ever made,” said Fletcher.

Source: The Guardian April 29, 2018 18:00 UTC