As Australia faces significant rise in gas costs, it puts in place a gas export tax to tame speculative inflation

“ Gas companies like to avoid tax, and a gas export tax is easy to avoid by not exporting so much gas and diverting a small percentage of current exports to Australian gas customers.”

Canada?

#cdnpoli #abpoli
https://thepoint.com.au/explainers/260326-gas-export-tax-wont-harm-trade-or-diplomacy-despite-industry-scare-campaign-claims
Gas export tax won’t harm trade or diplomacy despite industry scare campaign claims

Will a gas export tax harm our diplomatic relationships? No. Foreign companies being sad about having to pay some tax in Australia is quite different to foreign countries losing trust in Australia as a reliable trade partner.

@pinhman Currently our methane market isn’t very exposed but Carney is working to fix that with LNG exports that could very likely drive our methane prices through the ceiling.