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Media

Windfall tax

CEF in the media  |  Feb 1, 2023

Our climate challenge is our greatest opportunity: So how do we get it right?

Renew Economy

The newly formed Climate Capital Forum – a coalition of financial experts, investors, philanthropists, industry bodies and NGOs – this week launched a policy roadmap detailing bold reforms to position Australia as a superpower in zero-emissions trade and investment. Tim Buckley outlines the key policy asks. Read more
CEF in the media  |  Dec 30, 2022

ExxonMobil sues EU in attempt to stop a new windfall tax

ABC Radio National Breakfast

Exxon Mobil is trying to sue its way out of a windfall war profits tax (33% levy on profits in excess of average profits over last 4 years) to tackle soaring energy prices claiming it will deter investment. Tim Buckley undoes the spin, pointing out Exxon will make $60bn profit this year and would be paying only $2bn of this under the windfall tax, and similar taxes (eg in WA and Norway) have not deterred investment. Read more
CEF in the media  |  Dec 13, 2022

Fossil fuel hysterics make coal and gas price caps look like a really good idea

Renew Economy

Tim Buckley’s data showing that fossil fuel multinationals made $120bn in profits in 2022 is quoted in this story noting that the industry is not coping well with the idea that its days might be numbered. Read more
CEF in the media  |  Dec 13, 2022

Climate warrior Chris Bowen wants to subsidise coal mines

The Australian Financial Review

Tim Buckley said the government’s mooted plan to subsidise coal companies for the price cap means they are asking taxpayers to provide compensation to coal mining companies so they can make obscene profits selling back our resources to us. Read more
CEF in the media  |  Dec 12, 2022

OP ED | Fossil fuel exporters’ $140b profit as bills soar

Sydney Morning Herald

Tim Buckley’s new op ed across Nine/Fairfax papers: as fossil fuel multinationals reap obscene $140bn war profits, pay little or no tax and smash homes and businesses with bill shock, the federal government’s energy price relief plan is to be applauded, but this should not include taxpayer compo to coal. Read more
CEF in the media  |  Dec 10, 2022

Power price relief will take until mid next year

Channel 9 News

Tim Buckley on national Nine primetime TV news, commenting on how the federal government’s energy price relief plan will soften the blow of fossil fuel price hyperinflation for consumers . Read more
CEF in the media  |  Dec 9, 2022

PM’s announcement of energy price relief plan

ABC NewsRadio

Part 2 of Tim Buckley’s interview providing a live reaction to the PM’s press conference announcing the government’s 4 part plan to temper the bill shock impacting Australian households and businesses. Read more
CEF in the media  |  Dec 9, 2022

PM’s announcement of energy price relief plan

ABC NewsRadio

Part 1 of Tim Buckley’s interview providing a live reaction to the PM’s press conference announcing the government’s 4 part plan to temper the bill shock impacting Australian households and businesses. Read more
CEF in the media  |  Dec 9, 2022

OP ED | Adults are back in the room, with policy that paves the way for cheaper electricity

Renew Economy

In this op ed, Tim Buckley welcomes the cooperative spirit at the meeting of state and federal energy ministers that delivered a watershed capacity investment mechanism which will trigger a rapid upsurge in firmed renewables. Read more
CEF in the media  |  Dec 9, 2022

The Drum – national cabinet’s energy price relief plan

ABC TV The Drum

Tim Buckley applauds national cabinet’s plan for coal and gas price caps, energy rebates, and energy security, noting a plan to properly tax fossil multinationals reaping war profits off our sovereign public assets is still required. Read more
CEF in the media  |  Dec 7, 2022

Gas producers slammed for cartel amid unprecedented market failure

Sky News

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
CEF in the media  |  Dec 7, 2022

Anthony Albanese offers deal on coal price compensation but states want more

The Australian

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
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