could reach $1.5 billion to $2 billion, with half covered by Canberra and the rest by NSW and Queensland.
NSW Liberal Premier Dominic Perrottet made compensation for NSW coal providers a critical condition of his support for last year’s energy package, which was legislated in the dying days of 2022. The fossil fuel company compensation was heavily criticised by the Greens, but they eventually passed the coal and gas cap legislation after securing agreement from the Albanese government for subsidies to help households replace gas appliances.
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