Unaccountable. The Oregon Department of Transportation is unaccountable for routine cost overruns on major highway projects. Nothing it has done has acknowledged or solved this decades old problem, and giving it billions more will fuel further cost overruns. ODOT’s Key Performance Indicators (KPI’s) misleadingly claim that 97% of projects are completed under budget. ODOT is careful to define overruns only as costs after contracts are awarded: this conceals ODOT staff’s consistent pattern of low-balling cost estimates to get projects approved. ODOT also has a practice of “re-baselining” a project—retroactively altering the initial cost estimate to conceal cost increases. ODOT’s project database omits every large project that has experienced a cost overrun. The agency’s Transportation Project Tracker dashboard lists only six tiny projects as having experienced cost overruns.
The government’s Safeguard Mechanism is the key policy designed, apparently, to set Australia on the path to a low-emissions economy. According to the government’s website, the mechanism “requires Australia’s highest greenhouse gas emitting facilities to reduce their emissions in line with Australia’s emission reduction targets of 43% below 2005 levels by 2030 and net zero by 2050”.
You might then be wondering how is Woodside Energy’s massive existing North West Shelf fossil gas processing facility, which is one of the biggest emitters of CO23 in Australia, is faring under this policy. Surely the Safeguard Mechanism has caused a big change in how it operates?
Alas no. The simple answer is that under the Safeguard Mechanism,the North West Shelf Facility isn’t enacting deep, structural emissions reductions. Woodside happily knows the “Safeguard” part of the Mechanism is safeguarding Woodside and other heavy emitters from having to worry about reducing emissions.
The policy isn’t imposing any material cost on the corporation or affecting the impending approval of the extension of this site for 40 years.
Using the latest data release from the Safeguard Mechanism, here’s a fun collection of facts about the North West Shelf project, and Woodside Energy:

In 1999, the then state-owned Servicio Postal Mexicano issued a postage stamp celebrating sixty-five years in Mexico of the development bank Nacional Financiera (Nafin).


















