The Australian mining, oil, and gas industry has welcome newly announced federal subsidies for fossil fuel and mineral projects worth hundreds of million dollars in Western Australia (WA).
Australian Petroleum Production and Exploration Association Deputy Chief Executive Damian Dwyer said that the new investments reflected the federal government’s recognition of the significance of gas in decades to come.
“This greater certainty for the industry will be critical for Australia’s economic recovery and commitment to decarbonise as part of a cleaner energy future,” Dwyer said, in comments obtained by AAP.
Apart from opening new developments for fossil fuels, the support package will improve the supply of key minerals used in wind and solar components, pumped hydro widgets, electric vehicle batteries, and defence and communications technologies.
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