Media

Tim Buckley says that while the federal budget assumes a $953m contribution by limiting multinationals’ debt-deductions, there is no further insight on how majors like Exxon, Chevron, BP and Shell, who book Australian revenues in the tens of billion but pay zero corporate tax, will be made to pay their fair share. Read more

In part 2 of an extended interview, Tim Buckley gives a comprehensive breakdown of the positive energy transition initiatives in the 2022 budget, as well as the omissions and missed opportunities. Read more

In part 1 of a 12 minute interview, Tim Buckley gives a comprehensive breakdown of the positive energy transition initiatives in the 2022 budget, as well as the omissions and missed opportunities. Read more

Tim Buckley comments on the Federal Budget, including its lack of attention to tackling the revenue costs of fossil fuel subsidies. Read more

Tim Buckley writes that the federal budget is pragmatic and aligned with the government’s positive energy transition commitments. However, the absence of any meaningful, long overdue fossil fuel tax reform, which would generate revenue to offset the power price hyperinflation smashing Australians, is a major omission. Read more

Tim Buckley: “At the end of the day we’ve got an energy crisis, a cost of living crisis, a climate crisis. We need to reform the tax system to make it fairer and make sure multi-nationals pay … [and] quantify the benefit to Australia in terms of corporate tax receipts and reductions of fossil fuels.” Read more

The Albanese government is accelerating Australia’s value-added critical minerals industry with the new National Critical Minerals Strategy announced last week. In paper #5 on critical minerals, Tim Buckley and Matt Pollard look at policy developments here and in North America, where public-private financing for the transition is massively upscaling. Read more

Tim Buckley comments in this story which notes while consumer electricity prices are inflated and may rise in the near term as the system decarbonises, the long-term outcome will be a reduction in power prices. Read more

While investment will be lured away from Australia by aggressive energy transition policy settings, Tim Buckley says there’s still plenty of interest. “I’m bullish. Global capital is virtually unlimited particularly for a market with as low sovereign risk as Australia.” Read more

While green hydrogen is expected to be commercially viable in certain sectors such as steel, explosives, fertilisers, and refineries – and in certain geographies with major ongoing energy risks like Japan and Korea –Tim Buckley says it is still a decade away from commercial viability. Read more

“The national electricity market needs fundamental reform,” Tim Buckley said. “Chaotic federal energy policy under the previous government, meant state governments going it alone.” Buckley described Victoria’s decision to renationalise part of the electricity system as ‘excellent’, saying that even though the time frame was ‘aggressive’ it would give greater certainty to everybody.” Read more

With Woodside reporting soaring revenues today – a 272% jump on the same quarter last year to $US5.86 billion ($9.3 billion) – CEF’s August report on an improved tax regime that would ensure fossil fuel profiteers pay their fair share comes back into focus Read more