Coalition spending on fossil fuel subsidies tops $1.3 billion in first week of campaign | RenewEconomy

Prime Minister Scott Morrison and Minister for Energy Angus Taylor at a press conference during a visit to Geelong Oil Refinery. (AAP Image/Mick Tsikas)

Morrison feels Blessed with Taxpayer Money and he gives it to his anointed group of Corporations

Coalition spending on fossil fuel subsidies tops $1.3 billion in first week of campaign

Just one week into the official election campaign, the Coalition has already racked up promises to channel almost $1.3 billion in fresh subsidies to the fossil fuel industry – spending nearly $150 million a day.

The largest subsidy, announced right before the start of the Easter long weekend, will see a Coalition government spend $660 million to accelerate fracking in the Northern Territory’s Beetaloo Basin. It’s a massive spend that dwarfs the Coalition’s commitments to support clean energy projects and one that will underwrite the expansion of Australia’s fossil fuel industries and its emissions footprint.

Source: Coalition spending on fossil fuel subsidies tops $1.3 billion in first week of campaign | RenewEconomy

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