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Features Australia

Business/Robbery, etc

Burning coal to prop up BHP’s falling profits

4 March 2023

9:00 AM

4 March 2023

9:00 AM

Like the Albanese government, BHP is dumping its revenue-rescuing climate Satan, thermal coal, long before its promised still-speculative revenue replacements are in sight of bearing fruit. Just as record revenues from Australia’s biggest export, coal, have softened the fiscal pain of an over-indebted government, so coal, boosted by a boom in thermal coal prices has, at least partly, offset the profit slump revealed in February’s BHP first financial half-year report.

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