Queensland budget: coal and petroleum forecasts labelled 'delusional' as royalties dive
by Ben Smee from Environment | The Guardian on (#5B2JT)
An expert questions the state government betting heavily on a coal and gas-fired recovery after the global slump in fossil fuels hits the 2020-21 budget
Queensland's coal and petroleum royalties income has collapsed, wiping more than $2bn - about half the revenue initially forecast - from the state's budget bottom line.
But while the global slump in the fossil fuel industry has impacted the pandemic-delayed Queensland 2020-21 budget, the state is betting heavily on a coal and gas-fired recovery in the coming years.
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