Fuel Tax Credits

Written by Claude Haiku 4.5 from the extracted text on 10 Jul 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

Treasury officials met with Fortescue representatives in February 2026 to discuss fuel tax credits (FTC) and their impact on the company's industrial decarbonisation plans. Fortescue raised concerns that FTC arrangements posed challenges to their decarbonisation business strategy and had previously flagged this issue with Treasury's Climate, Energy and Trade Insights Division. The meetings were facilitated by senior Treasury officials including the First Assistant Secretary of the Climate, Energy and Trade Insights Division and the Assistant Secretary of the Sustainable Finance Branch. The emails indicate scheduling negotiations for meetings in mid-to-late February 2026, with discussions occurring across multiple Treasury divisions.