Australian governments collected $47 billion in taxes and...

Australian governments collected $47 billion in taxes and royalties from our natural resources in the 2020-21 financial year. Royalties from resources are used to build essential assets like roads and hospitals, schools, and other critical infrastructure upon which we all depend.The resources sector directly employs over 280,000 people. And First Nations people make up a greater share of the workforce than in any other sector. And into the future Australia’s resources sector will be at the centre of the nation’s green energy transition. But more than that, we will be an integral part of the global energy transformation.Resources and the path to net zero The path to reaching net zero runs through the Australian resources sector.I think that it is not well understood that decarbonising the global economy will require more mining, not less. The mining and chemical processing of critical minerals and rare earth elements will be the backbone of the clean energy transformation the world must undertake over the coming decades to address dangerous climate change.Australia has vast reserves of critical minerals, but they need to be mined. They won’t help us by staying in the ground. Demand for these technologies will increase dramatically in the years ahead. QUOTE in AFR today
COB will play a significant role in the future IMO

https://www.minister.industry.gov.au/ministers/king/speeches/speech-australian-financial-review-energy-and-climate-summit