NSW government hikes coal royalties to raise extra $2.7bn
by Tamsin Rose from Environment | The Guardian on (#6EG4M)
Move comes after Minns government announced plans to engage with the owner of Australia's biggest coal-fired power station to extend its life
- Follow our Australia news live blog for latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
The New South Wales government will increase coal royalties by 2.6 percentage points from July next year in a move that the treasurer, Daniel Mookhey, says will deliver $2.7bn into state coffers over four years.
Mookhey announced the change on Wednesday morning, a fortnight out from the first Minns government budget since Labor came to power in March after 12 years in opposition.
Continue reading...