Tag: Fossil Fuel Subsidies

Scott Morrison

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

Australia's Shame

“Perverse:” Australian fossil fuel subsidies will top $22,000 a minute this year | RenewEconomy

santos offshore gas field emissions - optimised

Australian fossil fuel subsidies will top $11.6 billion this financial year, with new analysis shedding light on the extent to which both federal and state governments are actively supporting the continued expansion of the fossil fuel industry. New analysis, published by The Australia Institute on Monday, has estimated that fossil fuel subsidies increased by 12 per cent in the last year – a $1.3 billion increase – driven higher by the Morrison government’s ‘gas-fired recovery’.

Source: “Perverse:” Australian fossil fuel subsidies will top $22,000 a minute this year | RenewEconomy