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Qld budget bleeding coal profits to pay for renewables sector

QUEENSLAND resources minister Scott Stewart has sought to justify the government’s decision to hit coal companies’ profits harder by saying the money would fast track renewables projects and the jobs and business opportunities for suppliers that come with them.

Lou Caruana
Queensland resources minister Scott Stewart.

Queensland resources minister Scott Stewart.

The government handed down its budget on June 21. A key feature of that budget was a government plan to introducing three extra layers of royalties on the state's world class coal industry to fund a $68.5...

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