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Queensland budget: coal and petroleum forecasts labelled ‘delusional’ as royalties dive – The Guardian

An expert questions the state government betting heavily on a coal and gas-fired recovery after the global slump in fossil fuels hits the 2020-21 budget

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Queensland politicsAn expert questions the state government betting heavily on a coal and gas-fired recovery after the global slump in fossil fuels hits the 2020-21 budget
Queenslands coal and petroleum royalties income has collapsed, wiping more than $2bn about half the revenue initially forecast from the states budget bottom line.
But while the global slump in the fossil fuel industry has impacted the pandemic-delayed Queensland 2020-21 budget, the state is betting heavily on a coal and gas-fired…

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