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According to new research from the Australia Institute, fossil fuel subsidies cost Australians a staggering $10.3 billion in financial year 2020-21, with one Commonwealth tax break alone exceeding the $7.82 billion spent on the Australian Army.
A new report by The Australia Institute shows that local businesses in unconventional gas regions in Queensland believe that gas development led to deterioration in their finances, local infrastructure, social connections and labor force skills.
Australia is one of the richest nations in the world, at arguably the richest point in our history. Yet our commitment to foreign aid is declining. The Coalition government plans to cut aid funding by $1.4 billion per year or 33 per cent by 2017-18.
Revelations yesterday that the NSW government spent close to $1 billion on supporting the coal, gas and oil industries were not lost on Lock the Tweed’s Michael McNamara.