Labor urged to axe $1.9bn in ‘zombie’ fossil fuel subsidies promised by the Coalition

Exclusive: Morrison government announced support for coal and gas projects in ‘gas-fired recovery’ but didn’t formalise contracts, PBO analysis reveals

Labor is being urged to axe nearly $2bn in handouts to fossil fuel developments that the Parliamentary Budget Office found were promised under the Coalition but have not been contracted.

The PBO analysis, commissioned by the Greens, found the Morrison government announced $1.93bn in support for coal and gas developments that had not been formally committed.

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(SOURCE) https://www.theguardian.com/australia-news/2022/sep/19/labor-urged-to-axe-19bn-in-zombie-fossil-fuel-subsidies-promised-by-the-coalition

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