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MEDIA RELEASE | Nsw Coal Royalty Boost Shows Government Standing Up To Coal Lobby To Act In Public Interest
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CEF welcomes and applauds the politically courageous announcement by the Minns government in NSW today that it will increase the state’s coal royalties to generate a total of $2.7 billion for NSW over four years from 2024.
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CLIMATE-WRECKING METHANE BOMB FROM FOSSIL FUELS IS 70% OF EMISSIONS UNDER SAFEGUARD MECHANISM: NEW REPORT
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A new report by eminent environmental scientist Emeritus Professor Ian Lowe, commissioned by Lock the Gate, finds that direct methane emissions from fossil fuel facilities make up ~70% of total greenhouse gas emissions covered under the federal Safeguard Mechanism (SGM), when the global warming impact is calculated over 20 years. The report also finds that the use of carbon credits to offset methane, as allowed under the safeguard, is not technically feasible, and more rigour is urgently needed, such as Zali Steggal’s proposed cap on methane within the scheme,
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Energy crisis: $322bn over a decade if tax avoidance and royalties improved
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17 August, 2022, Sydney, Australia: Introducing an equitable multinational corporate taxation and progressive royalty regime on Australia’s public fossil fuel […]
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