#midnighoil — Public Fediverse posts on home.social

Sigh – here we go again, linking gas to national security
https://live.australiainstitute.org.au/2025/10/parliament-live-senate-estimates-gets-underway-all-the-days-events-as-it-happens/
“Japanese companies routinely pay no tax or royalties for Australian gas. Same for US companies. Often, they on-sell this free Australian gas at a profit – see IEEFA estimates that this scored Japanese companies profits of AU$1 billion last year.”

Not only are we not collecting a rightful amount of tax in the PRRT, we’re compelling domestic consumers to bid for domestic gas that has been allocated to future contracts with overseas on-sellers at the peril of domestic supply. We are also making it too easy for importers of our gas to do as little as possible to meet #FossilFuel reduction targets at the cost of #ClimateAction. Finally, are currently incentivising more fossilfuel #FossilFuelPropsecting and #FossiflFuelDepositDevelopment. It begs the question: ‘How can we sleep while are beds are burning?” (Quoting from #MidnighOil songbook)

#TheGreatGasLie #ProfitsBeforeClimate #Grifters #ExtractiveIndustries #Auspol #StopBurningFossilFuel