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tinnitus

23,082 Posts.

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17/02/20

20:25

Post #: 42982543
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Originally posted by LoadedDog: ↑

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 $3.8bnJune 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?

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And how much do subsidies take from it.

https://www.tai.org.au/content/adani-and-end-subsidy-denial

disallowed/politics/federal/federal-government-to-lend-money-to-adani-business-associates-20180305-p4z2uy.html

https://www.theguardian.com/environment/2019/aug/29/adani-mine-would-be-unviable-without-44bn-in-subsidies-report-finds

https://ieefa.org/ieefa-australia-australian-taxpayers-funding-subsidies-worth-billions-for-adanis-carmichael-thermal-coal-mine/

This old chestnut is still ripe.
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