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…