Mojo ♻️Norway has a $3.2 trillion sovereign wealth fund — more than $500k per citizen — built on a 78% petroleum tax and the simple principle that resources belong to the public. Australia had a mining boom too. We got a baby bonus, some tax cuts, and a prime minister knifed by a $22 million industry ad campaign. The PRRT now collects less revenue than the beer tax. Less. Than. Beer. Albanese has ruled out any gas export tax changes, of course. Because why would we want Norway's problem of being obscenely wealthy?
Nationals senator Matt Canavan and LNP's Lou O'Brien tried to defend foreign gas companies and trash David Pocock in their own social posts, only to get absolutely demolished in the comments by their own voters demanding the 25% gas export tax Albo refuses to pass — the same tax that would return $17 billion to Australia every year.
#gaxtax #prrt #gas #gaslevy #gaslobby #auspol #santos #chevron #taxgas
Nobody Is Buying THIS Anymore — And Politicians Are PANICKING | Punters Politics
Australians are losing out to the gas export scam.
Australia Institute research shows that beer drinkers pay more tax than gas export companies pay in PRRT.
Meanwhile, multinational gas companies get 56% of our gas exports for free.
Since our governments allowed these gas exports, our gas bills have tripled and our electricity bills have doubled.
Big gas is taking the piss and Australian governments are letting them. It has to stop.
✍️ Add your name to the petition
@earthmothering9 For decades, mining giants extracted billions from Country while Traditional Owners were expected to be grateful for scraps. Good to finally see the Yindjibarndi people win recognition and compensation after standing up to one of Australia’s richest corporations. Justice should never depend on how long communities can afford to fight.
#yindjibarndi #firstnations #auspol #mining #socialjustice #prrt #greed
RaymondPierreL3Indeed, how can this be? The answer is simple: Because #AlboPM wishes it so… Why? Well, that’s a whole other question isn’t it?
“The Japanese Government raises $8 billion per year from its Petroleum and Coal Tax, including around $710 million from imports of Australian gas.
By contrast, the Australian Government is currently getting around $420 million per year from gas exporters paying Petroleum Resource Rent Tax (PRRT). Prior to 2023, it was receiving zero. Nada. Nothing.
In other words, the Australian Government is getting less money from our gas exports than Japan is.
State and territory governments also raise money from gas, especially Queensland which expects to get $1.2 billion this financial year (page 64) from its onshore deposits.
But most of Australia’s gas exports come from massive offshore deposits owned by the Federal Government. This means that even though far more federally owned gas is exported, Queensland’s government (like Japan’s!) raises more money.
How can this be?”
Read more
https://thepoint.com.au/explainers/260508-how-the-japanese-government-taxes-australian-gas
Australia Institute research shows that Japan collects more tax from Australian gas than Australia.
Japan, a country with no gas, oil or coal reserves of its own, collected almost $40 billion over the last five years while the Australian PRRT provided only $7 billion to Australians.
✍ Join 95,000+ Australians and sign the petition demanding gas companies hand over our fair share now!
#taxgas #prrt #gastax #gas #gaslobby #auspol #gascartel
https://nb.australiainstitute.org.au/fix_gas_export_problem_b?
Urban Wronski WritesClarke and Dawe tribute: The PM Explains Gas
Shell's Australian chair fronted a Senate inquiry into gas taxation and couldn't say how much revenue Shell makes from selling Australian gas. She was, however, very clear on the ill-advised part. Urban Wronski channels Clarke and Dawe to interview the Prime Minister about the gas we own, the tax we don't collect, and the modelling that takes time.https://urbanwronski.com/2026/04/26/clarke-and-dawe-tribute-the-pm-explains-gas/
Su_G@ApaulD
Excellent. Watched the whole thing & he nailed it. His last point, that politicians should NOT take jobs in the industries they regulate, who could disagree with that? Also loved Richard Dennis’ killer line that gas companies pay more in PR than they do in PRRT (the gas windfall profits tax). All that wining & dining & political donations don’t come cheap either… they’re playing us for mugs.
@gusseting Funny how the best way to 'save the planet' and protect our kids is apparently letting Santos & co. keep pocketing $47 billion in revenue with basically zero company tax for a decade.
Ken Henry says hit the war-driven windfall profits with ~100% tax instead. That money could actually fund the transition, hospitals, or schools — rather than just foreign dividends while Aussies pay sky-high bills.
Or we could keep the current 'give it away tax-free' model and feel virtuous about the hottest summers. Your call. #prrt #gas #auspol #gastax
Ken Henry says hit the war-driven windfall profits with ~100% tax instead. That money could actually fund the transition, hospitals, or schools — rather than just foreign dividends while Aussies pay sky-high bills.
Or we could keep the current 'give it away tax-free' model and feel virtuous about the hottest summers. Your call. #prrt #gas #auspol #gastax
If #Albo really wants a legacy, it won’t come from another landslide, it’ll come from finally making the gas giants pay their share. With energy prices soaring and foreign‑owned exporters paying next to nothing for Australian resources, a 25% gas export tax could fund childcare, dental care, and real cost‑of‑living relief. The move would expose the gap between Hanson’s rhetoric about ordinary Australians and her alignment with billionaire interests. This is Labor’s moment to show what democracy can deliver for people, not corporations.
Election landslides aren't legacies, but a 25% gas tax could define Albanese's
The decisions made by Anthony Albanese in the next month will likely define Labor’s legacy for decades to come. Surging energy prices give the PM a unique opportunity to tax the gas industry, fund the services Australians are crying out for, improve the budget bottom line and expose the shallowness of Pauline Hanson’s support for ‘ordinary Australians’.