“The Australian public thinks the gas industry should be paying for the gas.” “We can keep doing dumb things if we want to. But if this Government wants to have more money for schools, more money for hospitals…there is a simple tax reform opportunity here.” – Executive Director Richard Denniss on ABC The Business

Australia Institute research has found that 56% of gas exported from Australia attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free. Around 80% of Australia’s gas is exported as liquefied natural gas (LNG). Most of this gas is extracted from gas fields in Commonwealth waters, but the Australian Government

Gas companies are meant to pay royalties for the right to extract and sell Australian gas. But no royalties are paid on 56% of gas exported from Australia. Report author Mark Ogge joined ABC News to discuss. A new report from the Australia Institute, Australia’s Great Gas Giveaway, shows that over the last four years,

Australia Institute research has found that 56% of gas exported from Australia attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free.

Australia Institute analysis of the 2024 WA Budget shows the meagre contribution of gas royalties to state government revenue will plumet to just 0.6% over the next 4 years.

The Labor Government and Australian Greens working together to remove a deeply flawed schedule from the Offshore Petroleum and Greenhouse Gas Storage Legislation Amendment (Safety and Other Measures) Bill represents a small victory for the community, however the need to fix the Petroleum Resource Rent Tax (PRRT) collect more revenue remains.

There’s a lot of misinformation in the debate surrounding Australia’s gas industry. To be clear: the world cannot afford for new gas projects (or any other fossil fuel projects) to be opened if we want to avoid dangerous climate change.

It’s hard to believe in 2024 we still have Governments pretending we need to expand fossil fuel production to “help tackle climate change”.

While social licence for fossil fuels has slipped, gas seems to be clinging on longer than the rest.

With the Future Gas Strategy, government policy has entered a backward land where logic is reversed, writes Stephen Long.

The Federal Government’s Future Gas Strategy locks in fossil fuel expansion until 2050 and ignores the fact that the vast majority of Australia’s gas is used for exports, according to analysis from the Australia Institute.

The Australian Government has approved key infrastructure for Chevron’s Gorgon LNG Stage 2 expansion that will produce 3 billion tonnes of CO2 equivalent emissions over the next 50 years.

New Australia Institute research released today shows that royalty payments by the gas industry are negligible and expected to contribute just 1.3% to this week’s WA budget.

Can you imagine Qatar or Saudi Arabia panicking about a gas or oil shortage?

The Australia Institute has placed a prominent billboard reading “90% of WA’s gas is exported, mostly royalty free” in view of WA’s Parliament, Woodside’s offices and tens of thousands of motorists daily.

The Australia Institute has placed a full-page advertisement in The West Australian revealing stark findings about the gas industry in Western Australia.

The gas industry likes to tell us it’s vital to the Australian economy. But when people are paying more in GST for Taylor Swift merch than many companies are paying in company income tax per year, and the government collects more from HECS than the PRRT, you know something is seriously wrong. Greg Jericho is

Despite soaring production and revenues the gas industry is not paying more tax

The Wrap with Ebony Bennett The public support for the Albanese government’s bold decision to redesign the Stage 3 tax cuts has shown us that Australians are up for a conversation about tax – and that we understand that policies need to change as our circumstances change. Our research found that Australians’ appetite for tax

Legislation that will allow the government to relax the approval and assessment process for offshore oil and carbon capture and storage (CCS) projects is premature and risks bypassing traditional owners, local groups and tourism and fishing businesses, warns the Australia Institute.

Every year, the Commonwealth collects more revenue from HECS than it gets from the Petroleum Resource Rent Tax. The PRRT is so weak that gas companies love it! Mark Ogge explains the Government’s proposed changes, and how we can fix it to tax our gas companies fairly. This was recorded on Tuesday 6th February 2024

The hydrogen dream has become widespread in the Australian climate conversation: apparently, with it, we’re going to decarbonise Japan, Korea, and the world! Is this ambitious vision a genuine step towards a greener future or merely a diversion from ongoing fossil fuel expansion?

“You know what you’ve been doing,” said Foreign Minister and Leader of the Government in the Senate, Senator Penny Wong, wagging her finger at the Opposition senators across the Chamber.