Mojo ♻️Apr 26, 2023

Norway: revenue from oil and in 2023 est $327b of which the public gets 64%.

Australia: est revenue $164 billion and the public gets $16b in tax/royalties, just 9.8%.
#auspol #oligarchy #FossilFuelBillionaires #renewableenergy #fossilfuels

https://michaelwest.com.au/a-tale-of-two-fossil-superpowers-what-australia-can-learn-from-norway/

A tale of two fossil superpowers: what Australia can learn from Norway - Michael West

Public good vs private profiteering on our resources. What Australia with its failed PRRT can learn from Norway's 78% oil and gas tax.

Michael West
Show threadGodfrey642
@mojo Yes and Norway also has a system whereby the cost of say a motorway or a bridge is calculated and once tolls have raised that sum, the public can use it free. Because it's paid off; and belongs to the people. Makes sense.
#Auspol2023 #AusPolitics #auspol23
Apr 26, 2023 at 1:08pmWeb