State and federal governments have given $15 billion in subsidies to fossil fuel producers and major consumers in the 2024-25 financial year, our research found. Subsidies in the forward estimates have increased to a record $67 bn, 14x more than the nation’s $4.75 bn disaster response fund. - ThreadSky

australiainstitute.org.au • 7 days ago

State and federal governments have given $15 billion in subsidies to fossil fuel producers and major consumers in the 2024-25 financial year, our research found.

Subsidies in the forward estimates have increased to a record $67 bn, 14x more than the nation’s $4.75 bn disaster response fund.

Comments

shanesaysstuff.bsky.social•6 days ago

Unless we bring out the chippity chop, nothing is going to get better. it's just not

bp740.bsky.social•7 days ago

We must stop subsidising fossil fuel companies. Give the money to social services including health, aged and child care.
I didn’t pay tax to prop up millionaires/billionaires who cry poor when workers ask for a decent liveable wage.

cloudalicous.bsky.social•7 days ago

If the govt is going to give hand outs to support businesses, it must involve getting shares in those businesses. The parasitic 1% like to say nothing is for free, so prove it.

bluejeans58.bsky.social•7 days ago

WTF Labor?

biodivcouncil.bsky.social•7 days ago

Our new survey found that 95% of Australians think more of the federal budget should be dedicated to nature protection. We've estimated that $7 billion per year (1% of the Federal Budget) is needed to significantly improve the outlook for biodiversity in Australia - that's half this amount