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this post was submitted on 28 Jun 2024
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In Australia, a similar situation occurs where mining companies receive significant subsidies, pay minimal taxes, generate billions in revenue and profit, and leave taxpayers responsible for site remediation costs amounting to hundreds of millions of dollars. Despite these subsidies, Australians do not benefit from cheaper products or electricity. Much of the mined resources are exported, and Australia often buys them back at significantly higher prices. And yet, apparently, Australians are okay with this.