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Wil-liar.Why does the fossil fuel industry need subsidies ?lt's...

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11/04/24

14:57

Post #: 73298232
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Originally posted by willial: ↑

One Nut,
Your 57 billion heading is dishonest and misleading typical of left wing nutters.

The total subsidy from the Australian institute report in 22-23 was $11.1 billion and that included major users not just fossil fuel producers. NOT $57 billion!
Most of this subsidy was diesel fuel rebate for all off road vehicles and equipment.

The Australian institute is a socialist think tank promoting green and labor values

However directly from their report summary:-

. Total assistance to fossil fuel producers and major users from all governments declined from $11.6 billion in 2021–22 to $11.1 billion in 2022–23.
Crucially, the decrease in assistance between 2021–22 and 2022–23 was not caused by a decline in fossil fuel use or a policy to reduce fossil fuel subsidies, but by an overall reduction in fuel excise in response to the Ukraine war and high energy prices. By reducing the excise, the corresponding tax break for the coal industry and other major diesel users—via the Federal Government’s Fuel Tax Credit Scheme—was also reduced from $8.1 billion to $7.8 billion

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Wil-liar.

Why does the fossil fuel industry need subsidies ?

lt's been around for 150 years .

And yet we still have to subsidise it ???? Another great reason to get rid of the dirty stuff.
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