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AAP
AAP
Politics
Marion Rae and Andrew Brown

Industry rebuffs calls to slash fossil fuel subsidies

The oil and gas industry says it's on track to pay more than $17 billion in taxes in 2023/24. (Darren England/AAP PHOTOS)

Subsidies to Australia's fossil fuel industries are short-changing taxpayers and the climate, a think tank says.

Without reform, the most costly national subsidy - the fuel tax credit scheme - is expected to keep growing and prolong the dependence on diesel and petrol, the left-leaning Australia Institute said in a report released on Monday.

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