Sunday, MarchAlbanese pledges $2.4 billion to rescue Whyalla and Australia’s green steel ambitionsKey TakeawaysPrime Minister Anthony Albanese announced a $2.4 billion federal bailout package to support the Whyalla Steelworks and promote green steel manufacturing.The South Australian government is prioritizing the steelworks' survival while intending to use funds previously allocated for green hydrogen projects.The bailout plan includes immediate funding to keep the steelworks operational, securing jobs, and long-term investments to modernize the facility for sustainable production
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