<
https://theconversation.com/matt-canavan-says-australia-doesnt-subsidise-the-fossil-fuel-industry-an-expert-says-it-does-131200>
"Setting aside the madness of this support for fossil fuels given the
climate crisis, the subsidies make no financial sense.
With so much government support, you’d think the industry would be full
of profitable companies filling the government’s coffers with taxes. But
this is not the case.
Australian Taxation Office data for 2016-17 show eight of the ten
largest fossil fuel producers in Australia paid no tax. That’s despite
nine of these companies having revenue of about A$45 billion for that
period."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://www.xanadu.com.au/ Chief Scientist, Xanadu
http://www.glasswings.com.au/ Partner, Glass Wings
http://www.sericyb.com.au/ Manager, Serious Cybernetics
