Twiggy Forrest Pushing To Redirect Australia’s Diesel Rebate To Fund Green Hydrogen

Australian Politicians Working Hard to Destroy the Planet

Andrew (Twiggy) Forrest of Fortescue Metals has stabbed two of the largest Australian export industries in the eye. He has managed to upset both farmers and miners by privately lobbying the Australian government to divert subsidies to fossil fuels. He proposes that the scheme be phased out gradually from 2025 to 2030 for the largest diesel users, while leaving the program to smaller businesses and farmers. He is enthusiastically supported by the Australian Conservation Foundation.

Australia has a Fuel Tax Credit Scheme to ensure that rural businesses that are heavily dependent on diesel are not disadvantaged by paying excise duties on its off-road use. Up to 30% of the cost of diesel is federal tax, which is nominally levied for road maintenance.

Scrapping the repayment scheme would save the federal government $ 8 billion.

Farmonline reports, “The agricultural industry has condemned mining magnate Andrew ‘Twiggy’ Forrest for private lobbying against the government for phasing out the multi-billion dollar diesel fuel subsidy and diverting funds to green hydrogen projects. “

“We say that if you do not use these roads and you burn up your machinery with diesel, then we give you a discount because you do not use them. It just makes sense and it’s about ensuring that our mining industry, our agricultural industry is competitive, ”said National Party Vice President David Littleproud.

Even hospitals using diesel generators were drawn into the debate to support the billions paid to the big miners.

Peter Ker reports, “Confusion reigns over Fortescue Metals Group’s stance on the diesel fuel rebate, with the iron ore miner refusing to clarify whether it will voluntarily withdraw from the scheme or whether it believes the federal government should abolish it altogether.

Prime Minister Scott Morrison signaled on November 9 that he believed the rebate should remain.

As usual, politicians and industries associated with fossil fuels have missed the point. This feature is designed to enable the transition from diesel to green hydrogen, something Twiggy is already doing. The goal is to spend the same money on something climate-friendly.

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