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Australian fossil fuel subsidies put at $5.6bn a year in new report

2015-11-12 03:32:00| Climate Ark Climate Change & Global Warming Newsfeed

Renew Economy: As Malcolm Turnbull heads to Turkey to attend this weekends G20 Summit in Antalya, a new international report has revealed that Australia is still subsidising fossil fuel production to the tune of a massive $A5.6 billion a year. The report, Empty promises: G20 subsidies to oil, gas and coal production, also highlights how Australian companies have received billions of dollars from other G20 governments to develop liquefied natural gas sites. And it notes that Australia also funds the industry...

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