Episode Details

Australian governments are poised to allocate a staggering $16.3 billion this year on subsidies for fossil fuel production and use, a 9% increase from last year. This figure, projected by the Australia Institute, suggests that support for coal, gas, and oil will reach $31,020 every minute by 2025-26. The majority of this funding, $10.8 billion, will go to the federal fuel tax credit scheme, which refunds excise taxes to miners and others using diesel for off-road equipment or heavy vehicles. Critics argue that these subsidies are rising faster than costs for the national disability insurance scheme and are propping up emissions, despite governments pledges to phase out such supports.

Support the show:
Get a discount at https://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/e617e71ba2993772