Fantastic.
Pity here in Australia we just voted in a ~corrupt government who have signed a deal to allow Adani to open a huge new coal mine that doesn't even benefit Australians economically, and at a huge cost to the environment.
Pity here in Australia we just voted in a ~corrupt government who have signed a deal to allow Adani to open a huge new coal mine that doesn't even benefit Australians economically, and at a huge cost to the environment.
https://www.australianmining.com.au/news/mining-subsidies-ov...
> The Productivity Commission figures from earlier this month showed the mining industry got direct subsidies of $492 million last year.
> But senior economist at the left-leaning think tank Australia Institute Matt Grudnoff said total subsidy is almost ten times that amount when tax concessions given to mining companies are included.
> “The mining industry has the lowest rate of corporate tax because it has so many tax concessions,” he said.
"(a) fuel used in private vehicles and for certain other private purposes; and (b) fuel used on-road in light vehicles for business purposes."
Ie, it is a tax on road users as a user-pays style of thing and the subsidy is an accounting trick to make it easy to implement.
If a solar company used a lot of fuel without using the public road system, they would be eligible for the subsidy too. It isn't conceptually mining specific.
[0] http://www8.austlii.edu.au/cgi-bin/download.cgi/cgi-bin/down...