Taxes & subsidies
AGL | CEF NEWS UPDATES | CEF SERIES ON CRITICAL MINERALS | China | Coal/electricity/electrification | Critical minerals | Decarbonisation | Energy Crisis | Finance Sector & Emissions | Green Iron | Hydrogen | India & Adani | Monthly China Energy Updates | Nuclear | Submissions | Taxes & subsidies | US IRA/ NZIA et al |
Fossil fuel exporters will reap $120 billion gross profit in 2022, as Australian consumers are crushed by energy hyperinflation
We have done the math: multinational fossil fuel corporations will book a collective $120-140 billion gross profit in calendar year 2022. These war profiteers are inflicting untold pain on Australian households and business as energy bill shock exacerbates inflationary pressures. It’s past time for governments to step in on behalf of taxpayers and say “show me the money”. Read more
CEF NEWS UPDATE | Are banks walking the climate talk? | + social mandate grows for windfall tax
We launch a new series analysing the big 5 banks’ climate finance and decarbonisation progress, plus, the latest in our series on critical minerals value-adding opportunities in Australia, and calls for a windfall tax on war profiteering fossil fuel multinationals grow. Read more
ANALYSIS | Federal budget: Substantial progress on energy transition, but fossil fuel tax reform a serious omission
The budget is pragmatic and aligned with the government’s positive energy transition commitments. However, the absence of any meaningful fossil fuel tax reform is a major omission. Read more
ABC TV’s The Business
Elysse Morgan interviews Tim Buckley on CEF’s Windfall Profits report and the case for fossil fuel tax reform, which CEF analysis shows would net $322bn over 10 years. Read more
SKY News Afternoon Agenda with Kieran Gilbert
Tim Buckley says 22 million Australians on the east coast are wearing the price-shock impacts of fossil fuel producers’ war profiteering and the federal failure to reserve our sovereign gas for Australian consumers. Read more
REPORT | Windfall profits: Time to fix loopholes & subsidies to serve Australians better
CEF analysis finds that introducing an equitable multinational corporate tax and progressive royalty regime on Australia’s fossil fuels could contribute $322bn over 10 years. Read more