Reports this morning that the Prime Minister wants to continue to allow offshore gas corporations to get Australian gas for free and pay pocket change in PRRT, despite the extraordinary evidence presented to the senate inquiry, indicate that this Prime Minister is more concerned with keeping big corporations happy than he is with representing the interests of the Australian people.<\/p>\n\n\n\n
On the matter of trading LNG for fuel:<\/strong><\/p>\n\n\n\n Australian gas corporations can\u2019t unilaterally pass on a gas export tax to customers in Asia. Approximately 80% of Australian gas is in long term contracts with prices tied to the global oil price, and 20% on a fluctuating spot market. Producers aren\u2019t unilateral price setters and would overwhelmingly absorb the impact of an export levy in their healthy profit margins.<\/p>\n\n\n\n This has been established clearly by the Senate Inquiry, including evidence from Treasury, Ken Henry and gas companies themselves, who confirmed that the impact of a gas export tax would be felt by gas corporations, not our trading partners.<\/p>\n\n\n\n leader of the Australian Greens, Larissa Waters:<\/strong><\/p>\n\n\n\n \u201cThe Prime Minister has a choice in this budget: deliver for the greedy gas corporations, or deliver for the people. If he has picked the wrong side today that will be his legacy,\u201d said the Greens Leader on Friday.<\/p>\n\n\n\n \u201cIn the same week that his government announced the largest ever cut to a government program this century in the NDIS, a devastating cut that will result in at least 160,000 people losing critical supports, the Prime Minister is sending signals that he\u2019s going to let the greedy gas corporations continue to make obscene war time profits. <\/p>\n\n\n\n \u201cThis is corporate capture of the Australian government by the fossil fuel industry and we need to call it out. Under Labor, gas corporations are skipping out on their tax bill while everyone else suffers.<\/p>\n\n\n\n \u201cOn the matter of fuel security, the Prime Minister is reading from the script of the gas industry\u2019s talking points and deceiving the public saying gas export taxes are a threat to our trading relationships. It\u2019s simply not true, as the inquiry has heard from Treasury representatives this week. <\/p>\n\n\n\n \u201cThis is nothing but the gas corporations fighting a haircut to their obscene profit margins, and the Prime Minister is falling for it.<\/p>\n\n\n\n \u201cThe Prime Minister is at a fork in the road. He can be brave and tax big corporations to support millions of Australians who are struggling to make ends meet, or he can be a mouthpiece for the gas industry. He can\u2019t do both.\u201d<\/p>\n\n\n\n Senator Steph Hodgins-May, Chair of the Select Committee on the taxation of gas resources:\u00a0<\/strong><\/p>\n\n\n\n \u201cLabor would rather slash 160,000 people from the NDIS than take on the gas giants and tax 10 gas export projects.<\/p>\n\n\n\n \u201cRight now, more than $2 million is slipping through our fingers each and every hour because we refuse to put a minimum 25 per cent export tax on these global gas corporations.<\/p>\n\n\n\n \u201cThis week the gas cartel has rolled out the same tired scare campaign to protect their wartime profits while the major parties dutifully repeat their talking points .<\/p>\n\n\n\n \u201cPremier Cook is head of a captured state auditioning for a future at the board table of Woodside, and the Prime Minister is taking his cues all the way to Canberra.<\/p>\n\n\n\n \u201cA minimum 25 per cent gas export tax would raise at least $17 billion a year. That\u2019s money to ease cost-of-living pressure, properly fund public services, and accelerate the transition to clean energy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Reports this morning that the Prime Minister wants to continue to allow offshore gas corporations to get Australian gas for free and pay pocket change in PRRT, despite the extraordinary evidence presented to the senate inquiry, indicate that this Prime Minister is more concerned with keeping big corporations happy than he is with representing the … Continue reading “PM PREVARICATION ON A GAS EXPORT TAX IS ABOUT PROTECTING GAS INDUSTRY\u2019S PROFITS, NOT OUR TRADING RELATIONSHIPS: GREENS”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-38611","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=38611"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38611\/revisions"}],"predecessor-version":[{"id":38612,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38611\/revisions\/38612"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=38611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=38611"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=38611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}