The chief executives of major gas companies have declined a request to personally appear at hearings at a parliamentary inquiry into the sector’s tax settings.
The bosses of #Woodside, #Chevron, #Santos, #Inpex, #Shell & #ConocoPhillips to front the inquiry, which is examining the case for replacing the petroleum resource rent tax (PRRT) with a flat 25% tax on export revenue.
But the companies have rejected the request, instead sending senior executives & policy staff to face questions #auspol
Agenzia Nova: Business news: giapponese Inpex valuta di spostare investimenti dal Medio Oriente al Sud-est asiatico
12 apr 00:00 - (Agenzia Nova) - Inpex, principale societa' giapponese di esplorazione petrolifera e del gas, sta valutando di reindirizzare... (Git)
Business news: Japanese Inpex is considering shifting investments from the Middle East to Southeast Asia.
April 12 00:00 - (Agenzia Nova) - Inpex, Japan’s main oil and gas exploration company, is evaluating the possibility of redirecting...
#Japanese #Inpex #theMiddleEast #SoutheastAsia #AgenziaNova #Japan
Agenzia Nova: Imprese: idrocarburi, Inpex valuta di spostare investimenti dal Medio Oriente al Sud-est asiatico
10 apr 04:52 - (Agenzia Nova) - Inpex, principale societa' giapponese di esplorazione petrolifera e del gas, sta valutando di reindirizzare... (Git)
Businesses: hydrocarbons, Inpex is evaluating shifting investments from the Middle East to Southeast Asia.
10 Apr 04:52 - (Agenzia Nova) - Inpex, Japan’s main oil and gas exploration company, is evaluating the possibility of redirecting... (Git)
@ApaulD Absolutely infuriating. While Norway built a $350B sovereign wealth fund by taxing gas at 78%, we let Inpex extract $36 billion in revenue and pay basically nothing. They literally admitted to "optimising" tax through corporate restructuring—ie, deliberately dodging obligations—while we subsidised their infrastructure with billions in public money.
This is extractive capitalism at its worst: socialise the risk and costs, privatise the profits, export the resources that belong to all of us, and leave Australians with crumbs. The PRRT is a complete joke—no gas company has ever paid it on exported gas.
We desperately need a resource super profits tax modeled on Norway, not this neoliberal giveaway to foreign multinationals.
#auspol #taxjustice #corporategreed #gascartel #extractivecapitalism #prrt #inpex #norway #resourcetax #australia #multinationaltax #anticapitalism
If you're as confused (& angry) as me about why north west shelf gas has been extended, this provides insight.
#gas #climatechange #auspol #japan #energy #environment #pollution
Japan state-controlled ‘energy security’ company #inpex :
threatens to stop investment in Australia & cut relations
dumps C02 under the Bonaparte Basin off the north #australia coast.
https://michaelwest.com.au/labor-government-ramps-up-gas-exports-japan/
I snuck a billboard into the heart of Tokyo to expose how INPEX, Japan's government-owned gas corporation, is getting billions of dollars of Australian gas for free while paying zero royalties and barely any tax to Aussie punters. #punterspolitics #auspol #gas #gascartel #chevron #woodside #shell #Santos #inpex
Best weekend read? 🔖
Climate Betrayal: how backroom deals with Japan locked Australia in for decades of gas
Reveals foreign relations diplomacy and pressure between #Japan🇯🇵 and #Australia🇦🇺 , Fossil Fuel company lobbying on #FossilGas and #LNG (especially #Santos & #Inpex with Icthys and Barossa Gas projects) , IEA on no new fossil fuel projects, Australia's #SafeguardMechanism and the new #SeaDunping legislation to enable #CCUS across international borders.
By former SA Senator and transparency warrior Rex Patrick and Philip Dorling.
#MichaelWestMedia #FossilFuels #ClimateCrisis
https://michaelwest.com.au/labor-government-ramps-up-gas-exports-japan/
Northern Territory - Net zero policy for new gas projects abandoned after industry objected. The gas industry was the only stakeholder consulted before policy proposal was ditched by the Northern Territory Labor government, FoI documents show, reports the Guardian.
#FossilGas #NorthernTerritory #Australia #FossilFuels #ClimateCrisis #NetZero #Inpex, #EmpireEnergy, #HancockProspecting #TopEndEnergy#Santos
John 
Italian News by RSS
TKHUNT
Mojo ♻️
ApaulD
John Englart