Are subsidies for fossil being reduced ? No.
Not this old chestnut again. Coal, oil and gas are TAXED in Oz, not subsidised.
Queensland’s coal royalties soar to a record breaking $3.8bn
June 12, 2018
Queensland’s coal royalties reached a record breaking contribution of $3.8 billion for 2017-18 to the State Budget, up from a previous record of $3.4 billion in 2016-17.The boost in royalties will pay for the Palaszczuk government’s infrastructure and vital services such as health and education.
Along with the increased contribution from minerals and LNG, the overall resources sector experienced a hike in royalties which amounted to $4.3 billion this financial year. With a boost expected from petroleum and minerals, the Budget forecasted further climb in total royalties next financial year up to a total of $4.5 billion.
And then there's the threat of an increase:
Queensland Treasurer Jackie Trad says she wants the state's biggest coal companies to fork out up to $70 million for regional infrastructure in return for a freeze on state royalties.
How much royalties does the renewables sector contribute to state coffers?
- Forums
- Science & Medicine
- Why One Conservative Texas City Went 100% Renewable
Are subsidies for fossil being reduced ? No.Not this old...
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online