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THE LATEST
Mining giant BHP has reported an after-tax profit of US$9.83 billion – a 9% increase on the previous year – while at the same time pocketing around $548 million in rebates under the Fuel Tax Credit (FTC) Scheme, annual financial results released today show.
We set out reforms to the Safeguard Mechanism to deliver and amplify Australia's emissions reduction targets, and why those targets will stay out of reach while fuel subsidies and new fossil fuel approvals pull in the opposite direction.
Extending two Hunter Valley coal mines would risk breaching Australia's international obligations, undermine the NSW net zero target, and rest on proponent-funded modelling that overstates the benefits while ignoring over 99.9% of its climate costs.
Diesel rebates under the Fuel Tax Credit Scheme are costing the Australian government billions a year – and undermining its own flagship policy for cutting industrial emissions.
A letter from senior doctors at Darwin’s main hospital – warning the Territory’s Chief Minister about the health risks of carcinogenic emissions from LNG processing near populated areas – was left with no meaningful action for two years.