Australia's Climate Policy Paradox: Fuel Credits Undermine Emissions Cuts as Wind and Coal Face Crosswinds

Australia's flagship Safeguard Mechanism is being fatally undercut by the very government that created it. Analysis from Climate Integrity reveals the top 18 polluters received $3.3 billion in fuel tax credits in 2024-25 while paying just $150 million under the emissions scheme—a ratio of 22 to one. BHP's imbalance is 32:1, Fortescue's a staggering 47:1. It's the policy equivalent of bailing a boat with a teaspoon while pouring water in by the bucket.

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Victoria's...