Australian coal is set to become the second commodity ever to crack $100 billion in annual exports, according to the latest Resources and Energy Quarterly report from the federal government.
"It's very unusual to see such sharp rises, commodity prices have been more volatile in recent years driven my world demand and fluctuations in supply," Professor Rolfe said. Colin Boyce, LNP candidate for the seat of Flynn, holds a lump of coal from the Bravus Carmichael mine in central Queensland.The report shows Australia's metallurgical coal exports are forecast to rise from 171 million tonnes in the 2020-21 financial year, to 184 million tonnes by 2026–27.
"We've always said that as long as there's a market for it, we'll continue to grow and develop our coal and gas industries," Mr Canavan said.The LNP were quick to champion the forecast export milestones on Monday, and criticise the Labor government's supposed plans for the industry, if it were to be elected in the upcoming federal election.
She emphasised that coal and gas would still be essential in "powering the nation", during the transition to renewables.
Fck coal.
Thank god for coal and iron ore.
“Coal is dying” 🙄I wonder how all of those wanka bankers (who won’t finance fossil fuels) are feeling?
AdamBandt and Greens would love to stop this asap. Still no reaction to Australia’s coal donation to the Ukraine
ESG movement got hit with reality
The cost to our planet cannot be measured in dollars
The cooker is on high…
And coking coal will be around for decades to fund the 1.5 billion for the ABC whilst aged care get one third of that🤔.Now thats a story the taxpayers should know
How.much do Australians get from that $100 billion? A few crumbs?
China realised they couldn't survive without Australian coal exports. Almost Shut-down their economy
Bad news for global warming…
Gross. We truly are the thickest of species.
This has got to stop. It's killing us!
great news for the planet ....
How much is that in Roubles ?
Good
The world will need our coal and iron ore. Materials needed to make just 1 wind turbine 335 tons of steel 4.7 tons of copper 1,200 tons of concrete 3 tons of aluminium 2 tons of rare earth elements A wind turbine can never produce enough electricity to make …a wind turbine!
And we won't see a cent of those profits
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