No bailout for energy sector - Friends of the Earth Australia demands.

Friends of the Earth Australia is demanding that the Albanese government stop acting like cowards and rule out any further subsidies to the coal and fossil methane gas sector as a result of price caps.

A recent report, published by academics from Macquarie University and the University of Wollongong, which can be read here and here, said that, while they only employ 17000 people (fossil methane gas) and 37,000 people (coal), these industries have been given $70b in direct subsidies alone between 2015 and 2021.

The report says these foreign-owned companies are getting almost five times more in taxpayer subsidies than they pay in tax themselves.