Coal companies to reap billions more in taxpayer diesel subsidies as Labor approves new mining
The Australian government faces pressure to reform a fuel tax credit scheme that provides billions in subsidies to mining companies. Critics argue that these subsidies, which are projected to cost $47bn over four years, should be redirected as the government approves new coal mining projects.
Why it matters
The debate over fossil fuel subsidies is central to the tension between economic policy and climate change commitments.
Treasury has forecast the diesel subsidy will cost $47bn over the next four years. Photograph: Jessica Hromas/The Guardian View image in fullscreen Treasury has forecast the diesel subsidy will cost $47bn over the next four years. Photograph: Jessica Hromas/The Guardian Australian politics Coal companies to reap billions more in taxpayer diesel subsidies as Labor approves new mining Albanese government under pressure to wind back fuel tax credit scheme for multinational miners as analysis shows cost to budget
The article focuses on the environmental and fiscal criticisms of the subsidy program, highlighting activist group perspectives.
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