Gas is a finite resource – so why is Australia essentially giving it away?
Rising demand as the world emerged from COVID-19 lockdowns, coupled with Russia’s invasion of Ukraine, has led to massive windfall profits for the gas industry. But according to new Australia Institute research, the gas companies aren’t paying royalties on most of the gas they export. So what exactly is happening to Australia’s gas? How do we compare with other major fossil fuel exporters when it comes to collecting royalties? And what would it take to ensure Australians get a better deal for our gas? On this episode of Follow the Money, the Australia Institute’s Mark Ogge joins Ebony Bennett to discuss Australia’s great gas giveaway.
You can sign our petition calling on the government to collect royalties on Australia’s gas exports on The Australia Institute website.
This discussion was recorded on Tuesday 18 June 2024 and things may have changed since recording.
australiainstitute.org.au // @theausinstitute
Guest: Mark Ogge, Principal Advisor, the Australia Institute // @MarkOgge
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett
Theme music: Pulse and Thrum; additional music by Blue Dot Sessions
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