Page 3 - ஆஸ்திரேலிய ரயில் டிராக் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

26 April 2021 Federal and state governments are spending more than $10 billion a year propping up the fossil fuel industry, through a system of tax breaks and cash handouts that encourage the entrenched use of oil, gas and coal by Australian business, new research by the Australia Institute finds. The biggest portion of that figure is the whopping $7.84 billion the federal government returns to business through its fuel tax credit scheme. That’s more than the $7.82 billion it put aside for the Army in the 2020-21 budget. The progressive Canberra-based think tank, which is a vocal campaigner for aggressive climate action, found just over $1.5 billion of that $7.84 billion went on fuel used by the fossil fuel mining industry. In other words, it subsidised the fossil fuels used to help dig up more fossil fuels.

Northern territoryAustralian capital territoryRod campbellJames fernyhoughAustralia instituteAustralian rail track corporationHunter valleyAustralian rail trackLatrobe valleyWestern australiaSouth australiaNew south walesAustralian financial reviewFinancial timesவடக்கு பிரதேசம்ஆஸ்திரேலிய மூலதனம் பிரதேசம்