Media

Tim Buckley discusses the gas cartel gouging Eastern Australia with Kieran Gilbert on Afternoon Agenda, noting new CEF figures that show fossil fuel multinationals operating in Australia will book $120-140billion in profits as skyrocketing energy prices crush households and businesses. Read more

Tim Buckley’s Sky News Afternoon Agenda with Kieran Gilbert interview features in this exclusive from The Australian’s chief political correspondent on the federal government’s plans to address the fossil fuel price crisis. Read more

Tim Buckley says that QLD’s new tiered coal royalty regime structured to capture windfall profits will net $6.4bn more this FY than under the state’s previous royalty regime, while coalminers would still get 80% of QLD’s coal export bonanza – up to $62bn in revenue and record profits of more than $30bn before interest and corporate tax – making the industry campaign against the regime hot air. Read more

Tim Buckley says the Petroleum Resources Rent Tax, designed to raise revenue from multinational gas producers making superprofits, is structurally flawed and predicts a Treasury review currently underway will find that it is not operating in the national interest. The Treasurer has undertaken to carefully consider the advice as pressure for a solution to the gas price crisis ramps up. Read more

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”. 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

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

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. Read more

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.” Read more