this post was submitted on 29 Jan 2025
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All of Govt's 2024 coal earnings spent treating damages at a single mine (newsroom.co.nz)
submitted 1 week ago by [email protected] to c/[email protected]
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drill baby drill!

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[–] [email protected] 1 points 1 week ago

Im not an expert on it, but my guess is we own the coal, but its underground and hard to get out, so we let other people do the hard stuff and instead of paying us for the full value of the coal (which would mean they couldn't make a profit) they pay us a royalty instead for the privilege of being able to dig up part of our country and sell it.