#taxgas — Public Fediverse posts

And why should I stop here. Let’s do a proper job and spell it all out: (Source: The Point Live - one hour ago)

## “The source of gas company Santos’ superpowers

Rod Campbell

We blogged earlier about how the Federal Government seems set to not just ignore the obvious gas policy of a 25% export tax, but to have a reservation policy that will benefit ultimate villains, Santos.

The source of Santos’ superpowers is South Australia. Check out our 2024 report on The oil and gas industry in South Australia, and here are a few fun facts:

Santos CEO Kevin Gallagher was named as the most powerful person in South Australia, in 2023. The Premier, Peter Malinauskas, came in third.
The Premier’s brother was Head of External Affairs at Santos at the time.
Treasurer Tom Koutsantonis once told a gas industry conference that the “South Australian Government is at your disposal”.
SA Senator and Foreign Minister Penny Wong really likes Santos.
The source of this power appears to be personal connections, because it certainly isn’t taxes, royalties or jobs:

0.1% of SA jobs are in oil and gas extraction. More people work in mushroom and vegetable growing.
0.4% of the State Government’s revenue is oil and gas royalties. More state government services in South Australia are funded by the lottery than by royalties from the oil and gas industry.
Santos paid zero company tax for 11th year in a row, ATO data shows”

#SA #StateCapture #Santos #FossilFuelIndustry #TaxGas #TaxReform #IncreasePRRT #ExtractiveIndustries #CloseTaxLoopholes #AusPol #Corruption

## Gas Industry taking Australians for mugs!

As if it wasn’t enough that #Japan *onsells* the gas it buys from Australia (through #Singapore companies) at a handsome profit, now #China is doing it as well. It speaks volume for how easy it is to con our govt into submission and give up on the idea taxing #GasExports. So, #Elbow is not only working for Japan but China as well… But *don’t you worry ‘bout that* (quoting a famous #Grifting ex-State Premier) the govt is implementing a *domestic gas reserve*, FFS.

“Santos might not be worried about the gas reservation, but the Queensland LNP government is pretending it is. It wants the gas reservation policy to only apply to new gas, because it’s allegedly worried about its contracts.

Which is doubly laughable, once you learn that China is now on-selling about the same amount of gas (in terms of volume) as it receives from it’s Queensland contracts. Because it has so much gas it has now joined Japan in creating its own gas market from Australian gas. Isn’t that neat?” (Source: The Point Live - today)

#Economy #TaxGas #AusPol