UPDATE: Queensland Premier David Crisafulli is facing mounting pressure but remains steadfast in his commitment to maintain the state’s coal royalties regime. This comes just days after BHP announced it would cut 750 jobs in Queensland, citing a crisis in the coal market exacerbated by changes in royalties instituted by the previous Labor government.
At the Conservative Political Action Conference in Brisbane on Saturday, Crisafulli was urged by members of his party to re-evaluate the current coal royalty structure. The pressure follows David Littleproud, federal Nationals leader, calling for a review of the regime earlier this week.
In an emphatic response on Sunday, Crisafulli reaffirmed his pre-election promise, stating, “I’ve charted a course, and I’m very confident in the one that we’re doing.” He underscored the importance of stability in Queensland’s business environment, saying, “If I’m chopping and changing, I’m no better than the government that we replaced.”
Crisafulli emphasized that Queensland’s coal remains essential to both the state’s economy and Australia’s energy mix. “Our coal is the cleanest and it’s mined to the highest environmental standards,” he noted, reflecting on the industry’s future amid challenges.
Despite his commitment, concerns from industry leaders persist. Janette Hewson, chief executive of the Queensland Resources Council, expressed disappointment over the government’s stance, warning that maintaining the current royalty tax policy could lead to significant job losses and hinder operational viability for coal producers in the state.
As the situation unfolds, the implications for Queensland’s coal industry and its workforce are significant. The Premier’s resolve to keep the status quo may provide a sense of stability, but the mounting pressures from industry stakeholders and changing market dynamics could force a reevaluation in the near future.
The next steps will be crucial as Crisafulli navigates the balancing act between political commitments and the industry’s survival. Observers will be closely watching for announcements that may signal adjustments to the state’s approach to coal royalties, as the industry grapples with economic turbulence.
This situation continues to develop, and the urgency for clarity and action has never been more pronounced. Stay tuned for further updates on this critical issue affecting Queensland’s economy and the livelihoods of its workers.
