Taxpayers to underwrite Gladstone Aluminium?

Devil in the detail of government green Gladstone pledge

The Queensland Labor Government has pledged millions of taxpayer dollars to support global miner Rio Tinto's transition from coal to renewable energy at its Gladstone BSL aluminium plant.

At full production, Rio Tinto's Boyne Aluminium Smelter (BSL) consumes around 12% of Queensland's coal-generated electricity in converting Alumina into Aluminium. In 2023, Rio Tinto wrote off the total value of the smelter because of unsustainable power costs and carbon emissions

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This week, the state government said an agreement had been reached with Rio Tinto to