Yes and of course the fossil fuel industry is so efficient it...

Yes and of course the fossil fuel industry is so efficient it needs $2.3 billion of Australian tax payers money to keep the oil refineries running.

Ampol (formerly Caltex Australia) and Viva Energy will keep their oil refineries operating until at least 2027 following a $2.3 billion (Aus.) subsidy deal with the Australian government.

Rick Wilkinson

May 17th, 2021

Ampol (formerly Caltex Australia) and Viva Energy will keep their oil refineries operating until at least 2027 following a $2.3 billion (Aus.) subsidy deal with the Australian government.

The government’s fuel security package is expected to protect the earnings of the two companies during times of weak refining margins that saw the closure of two refineries owned by ExxonMobil (Altona) and BP (Kwinana) in 2020