Taxes and subsidies
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Andrews seeks gas reserve as premiers divided on power price cap
The Australian
Tim Buckley’s discussion on Sky News Afternoon Agenda with Kieran Gilbert on gas in this story in The Australian: “We have a gas cartel, according to the ACCC – 90 per cent of the gas reserves in eastern Australia are controlled by three consortia, which have ramped up the price on the east coast tenfold, 1000 per cent, in the last three, four, five years and we are now paying above export price parity”.
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Federal budget wrap part 2
ABC Radio
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.
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Federal budget wrap part 1
ABC Radio
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.
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Budget 2022-23: Powering clean, affordable energy with jobs and training to match
Energy Magazine
Tim Buckley comments on the Federal Budget, including its lack of attention to tackling the revenue costs of fossil fuel subsidies.
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OP ED | Budget offers substantial progress on energy transition, but serious omissions remain
The New Daily
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.
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WINDFALL TAX | Woodside and Santos super profits, energy bills still to shoot up. What’s the scam?
Michael West Media
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
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Massive missed opportunity: NSW could make $23bn with tiered tax on record coal profits
The Guardian
Tim Buckley notes that a ‘small number of fossil fuel-exporting companies are making windfall gains,’ making the case for a Queensland-style progressive royalties system in NSW.
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Tim Buckley on why fossil fuel producers should pay a $300 billion windfall super profits tax
ABC TV The Business
Tim Buckley is interviewed by Elysse Morgan on CEF’s Windfall Profits report: “Everyone in eastern Australia is paying record high prices for energy. Let’s make sure the ‘winners’ from Putin’s war on Ukraine – the fossil fuel multinationals – actually pay some tax and help absorb the impact on the rest of us.”
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Got gas: Do super profits call for super taxes?
Stockhead
Tim Buckley comments in this piece on the case to tax fossil fuel war-profiteers’ financial bonanza.
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Huge profits for fossil-fuel giants Woodside and Santos stoke calls for windfall tax
The Guardian
Senator David Pocock and former Labor foreign minister Bob Carr join Tim Buckley in pressing the government to match nations like the UK and Indonesia and claw back fossil fuel multinationals’ superprofits.
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Tim Buckley on CEF Windfall Profits report
Alan Jones - Australian Digital TV
Tim Buckley on the need for tax reform to ensure a community dividend from the superprofits fossil fuel multinationals are making by exploiting Australians’ sovereign resources.
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OP ED | It’s time for fossil fuel profiteers to pay their way
Sydney Morning Herald
Tim Buckley writes that there’s never been a better time – or a more urgent imperative – to take a cold, hard look at the super-profits currently enjoyed by fossil fuel companies.
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