PUBLIC MONEY PROPPING UP FOSSIL FUELS


 
 

Each year, the Australian government spends billions of dollars of your money on programs that encourage more coal, gas and oil to be extracted and burned. Market Forces estimates that tax-based fossil fuel subsidies cost almost $12 billion a year federally. This figure includes subsidies that support both the production and use of fossil fuels.

But tax-based subsidies aren’t the only government financial backing for fossil fuels. Direct handouts and contributions to the industry are doled out at both federal and state levels. On top of this, public money is used to finance fossil fuels through our national export credit agency EFIC, as well as our involvement with international financial institutions.

Australia has built a bad reputation as one of the world’s biggest backers of the dirty fossil fuel industry, a stance made clear at the 2015 Paris climate talks when our delegates refused to sign an agreement that would phase out fossil fuel subsidies. This came despite Australia having committed on multiple occasions to phase out “inefficient fossil fuel subsidies.”

Seeking to turn rhetoric into action, community and business alike have kept up strong pressure on our politicians to end fossil fuel subsidies.

Please sign this Market Forces petition calling upon the government to end polluter handouts.

Click the buttons above to find out more about how Australia’s government uses your money to prop up dirty fossil fuels.

Take action!

Tell Treasurer Josh Frydenberg – End polluter handouts!