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The New Daily
The New Daily
Tim Buckley

Private profits and public pain: It’s well past time for action on fossil fuels

Fossil fuel exports are generating windfall war profits for a select few companies.

The fossil-fuel industry is on track to export an all-time record value, approaching $200 billion, of LNG, coking and thermal coal in 2022.

This is generating windfall war profits – driven by the Russian war on Ukraine affecting supply – for a select few companies, mostly private, foreign vested interests using tax havens for corporate tax avoidance as they exploit our sovereign resources.

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