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Fossil Fuel Fiesta: Australia’s coal and gas giants get more in subsidies than they pay in royalties
In 2019-20, the fossil fuel industry earned $115 billion from selling Australia’s petroleum and coal resources and paid state and federal governments an estimated $7.3 billion in royalties.
One year later (in 2020-21), the industry received more than $10.7 billion in subsidies, according to…
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