Rewarding companies to do nothing is undermining Australia’s climate cuts
Australia's government undermines its climate policy by giving the country's largest polluters $3.3 billion in annual fuel tax credits while they pay just $150 million under the Safeguard Mechanism emissions cap. BHP, Rio Tinto, Glencore and Fortescue receive rebates 21 to 47 times larger than their pollution costs, contradicting net-zero commitments.
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Published 31 Jul 2026, 05:30 UTC · Updated 31 Jul 2026, 05:41 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections