Coal companies to reap billions more in taxpayer diesel subsidies as Labor approves new mining
Overview
Albanese government under pressure to wind back fuel tax credit scheme for multinational miners as analysis shows cost to budget
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Coal companies could receive an extra $6.2bn in taxpayer refunds for the diesel they use if the Albanese government greenlights just half the mine developments up for approval.
Details
The finding, in an analysis released by activist group Lock the Gate, comes as the government faces an internal campaign before next month’s Labor party national conference to commit to winding back a fuel tax credit scheme for multinational miners.
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Originally published at www.theguardian.com.