Treasurer Faces ‘Hard Truths’ in Global Industrial Race

Australia’s emerging miners, refiners and battery suppliers fear they’re losing out to foreign rivals and uncapped tax breaks in the clean energy race. Warren Pearce, head of the Association of Mining and Exploration Companies (AMEC) which represents more than 500 businesses, says there are “hard truths” that need to be recognised in the upcoming federal budget. “If Australia wants to be more than a ‘dig and ship’ country, now is the time to provide incentives required to deliver the energy transition vision,” he told AAP. The federal government has promised that a Future Made in Australia Act will be a centrepiece of the May 14 budget....