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Australian fossil fuel subsidies hit $10.3 billion in 2020-21, page-2

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ttward

4,738 Posts.

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26/04/21

10:45

Post #: 52717756
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Originally posted by acorn: ↑

" Fossil fuel subsidies cost Australians a staggering $10.3 billion in FY 2020-21 with one Commonwealth tax break alone ($7.84 billion) exceeding the $7.82 billion spent on the Australian Army, according to research released today by The Australia Institute.

In fact, $10.3 billion in Government subsidies means that in 2020, every minute of every day $19,686 was effectively given to coal, oil and gas companies and major users of fossil fuels. "

https://australiainstitute.org.au/post/australian-fossil-fuel-subsidies-hit-10-3-billion-in-2020-21/

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And that's why we are becoming a backward country with our current backward government.
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