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.
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Unlock this article
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in