Coal companies have recorded windfall profits amid the Russian invasion of Ukraine, with new research revealing the billions of dollars exporters made.
The value of coal exports skyrocketed to $112B over 2021-22 despite Australians being crippled by climbing energy prices as a direct result of Russia’s invasion.
It marks a 186 per cent increase from the $39B previously recorded over 2020-21.
“It’s not just gas exporters who have been reaping the benefit of Russia’s invasion of Ukraine,” Dr Richard Denniss, executive director at leading public policy think tank The Australia…
