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Taxpayers are ‘literally paying’ to cut down forests sustaining koalas and greater gliders and providing clean drinking water

"The state forestry corporation has had losses totalling $72m in its native hardwood forest division since 2020-21.Two reports revealing the extent of financial losses from native forest logging in New South Wales raise questions about the economic viability of the industry."

"...Public native forestry struggled financially, offering “poor returns to taxpayers at best. The government should look at the economic costs and benefits of the native forestry business in NSW and consider whether community welfare is served by continuing this practice.”
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https://www.theguardian.com/environment/2024/dec/18/bad-deal-for-taxpayers-huge-losses-from-nsw-forest-logging-reports-reveal
#biodiversity #ClimateEmergency #LoggingImpacts #LoggingIndustry #NSWLogging #FCNSW #EndangeredSpecies #koalas #gliders #deforestation #governance #harm #TheGreatKoalaNationalPark #tax