Diversify beyond oil and gas

We also need to diversify beyond oil and gas -- by supporting growth and investment in other sectors of our economy such as agribusiness, manufacturing and renewable energy.

These sectors have great potential to attract investment, create good jobs and reduce our reliance on oil and gas.

This is the way to manage the impacts of the global energy transformation and get off the boom-bust rollercoaster.

We need to use our oil and gas revenues – including revenue from the carbon levy – to accelerate development in these sectors so they’re ready to step forward when oil and gas steps back.