@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
🇪🇺#欧州委員会 は17日、日本の石油・天然ガス開発大手 #INPEX 🇯🇵とイタリアの大手電力・エネルギー会社Enel🇮🇹による、後者の豪州法人、Enel Green Power Australia🇦🇺の買収を承認した
@INPEX_OFFICIAL
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EU Competition: #EUMergerControl Commission 🇪🇺clears acquisition of Enel Green Power Australia by INPEX Corporation and Enel Green Power 👇
🔗➡️https://europa.eu/!7WgRnf
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🐦🔗: https://n.respublicae.eu/EUinJapan/status/1692354713138733327
TKHUNT
Newsbase
Mojo ♻️
ApaulD
John Englart
駐日欧州連合代表部🇪🇺
Food Not Bombs Japan