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Australia given more $4 billion foreign subsidies for coal projects: Report

2015-06-02 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Morning Herald: Australia has received more than $4 billion in money from foreign governments to fund coal projects since 2007, according to a new report highlighting the extent to which wealthy countries are still financing fossil fuels. And Australian taxpayers have subsidised coal mines and power plants around the world to the tune of $1.4 billion through the Export Finance and Insurance Corporation, a government bank that helps finance Australian projects in other countries. Government-owned finance institutions...

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