Loading...
Loading...
australia-institute-calls-for-lng-windfall-tax
australia-institute-calls-for-lng-windfall-tax

Australia Institute calls for LNG windfall tax

The Australia Institute believes a windfall profits tax would help solve gas domestic supply challenges and “extortionate price issues” by removing the incentive to export gas in preference to supplying Australian customers.

The Institute estimates war-related windfall gains to LNG companies in 2021-22 at between $26bn and $40bn.

Dr. Richard Denniss Executive Director at the Australia Institute, said companies are essentially profiteering from the Ukraine war.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...
-->