Do you really want to your Government to give a free pass for fossil fuel special interest ripoffs to take multiple billions of revenue essentially tax free?
Who Benefits? Who gets cooked? I think the pigs win snouts down!
If you want unambiguous evidence that at least some of our governments protect the interests of their puppet masters in the fossil fuel industry long before they consider the citizens who vote for them. This example would certainly seem to represent a colossal special interest ripoff at the state level; and surely it should be within the bounds of the Federal Government’s regulation of overseas trade to prevent such arrogant giveaways. Voters mustn’t forget that they have the power to remove complicit parties and individuals by electing responsible people who will prioritize fighting climate change over promoting the interests of puppet masters and patrons who often are not even Australian citizens.
WA’s offshore gasfields pay almost no royalties and stoke carbon emissions, report finds
Peter Hannam in the Guardian
Mon 17 Jan 2022
Australia Institute report finds state received only $430m of its revenue from industry that generated $27bn in exports last year
Australia’s giant offshore gasfields are paying almost no royalties, create few jobs and are a large and rising source of greenhouse gases, according to a new report from the Australia Institute.
The “Gas-fired robbery” report, released Monday, finds Western Australia receives only a tiny fraction of its revenue from an industry that generated $27bn in WA exports last year.
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The $430m that ended up in the state’s coffers was a mere 1% of budget revenue, or half as much as it collected from motor vehicle registrations. By contrast, the iron-ore industry tipped $7.8bn into the 2019/20 budget, more than 18 times as much as gas.
“Oil and gas companies like Woodside and Chevron are being given this valuable and finite resource virtually for free, making huge profits from its sale, creating few jobs and returning almost nothing to everyday West Australians,” said Mark Ogge, principal adviser at the Australia Institute’s Climate & Energy Program, and author of the report.
Read the complete article….
If you want to clean out the piggery, use Vote Climate One’s Traffic Light Voting Guide to cast your ballot for someone who will try to protect your future on this fragile planet by putting solving the climate crisis as their first interest in Parliament, and to ensure that any preferences that flow from your vote WON’T flow to a pig.