Qantas and Virgin are among those lobbing the federal government to set aside $2 billion at next month’s federal election to reduce dependency on fuel imports.
Already a subscriber?Qantas, Virgin Australia and some of the country’s largest airports are lobbying for $2 billion to be set aside at next month’s federal budget to develop a sustainable aviation fuel industry in a bid to reduce Australia’s dependency on imports.
The aviation industry says a domestic sustainable fuel sector could add $13 billion to the economy every year by 2040 and create 13,000 jobs in the feedstock supply chain. However, it is not produced locally, with Qantas buying the fuel in London where subsidies mean prices are nearly at parity with kerosene fuel.
In Australia, BP is due to make a final investment decision on a plant that would turn used cooking oil into sustainable fuel at the shuttered Kwinana refinery, which has an existing pipeline into Perth Airport.It has called on the government to follow other countries and establish mandates over sustainable fuel usage to help support demand. Singapore and Japan have set mandates for the use of the fuel.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virgin Australia’s huge move after Qantas’ frequent flyer expansionVirgin Australia has unveiled a new partnership for its Velocity Frequent Flyer scheme just days after Qantas embarked on a major expansion of its loyalty program.
Read more »
Qantas and Virgin Australia’s transformation plans at risk as new plans face delaysQantas and Virgin Australia face long waits for new jets – a crucial part of their strategy to bring down costs and keep customers happy.
Read more »
Qantas and Virgin Australia put on notice over offsets following landmark decision on greenwashingDutch court ruling that KLM misled customers ‘wakeup call’ that decarbonisation plans should be credible, climate advocacy group says
Read more »
Qantas launches new direct flight to Papua New GuineaQantas has launched a landmark new direct flight between Australia and Papua New Guinea.
Read more »
Disability advocate Shane Hryhorec says he was 'patronised' and 'humiliated' on Virgin Australia flightAn Adelaide disability advocate says he felt 'embarrassed' and 'shocked' during a trip to the Gold Coast with Virgin Australia.
Read more »