New CEF report calls for slashing of diesel fossil fuel subsidy to decarbonise mining, boost productivity; Fortescue backs reform
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A new report by independent public interest think tank Climate Energy Finance (CEF) finds that Australia’s largest taxpayer-funded fossil fuel subsidy – the diesel Fuel Tax Credit (FTC) Scheme – is entrenching dependence on imported high-emissions diesel to power mining operations, undermining climate targets, damaging productivity and draining tens of billions from the federal budget. … Continued