Business
Australia’s coal industry is dying and taxpayers could be left to foot the bill, ex-BP boss warns – The New Daily
Australia’s coal industry is slowly dying and without a transition plan taxpayers can expect to pay billions for it, a former president of BP has warned.
Australias coal industry is slowly dying, and without a transition plan taxpayers can expect to be slugged billions, a former president of BP has warned.
The warning comes at the end of a dark week for Australias coal industry, with China officially blocking coal imports from Australia after months of vague restrictions.
This was swiftly followed by the owners of Australia’s newest coal-fired power station announcing they had written down the value of the asset to zero, wiping out a $1.2 billion…
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