They have had how long to do that?
How’s about tax on gas exports instead of a Woodside puppet as the candidate?
Get rid of every corporate lobbyist starting with the gambling ones.
Most gas is already under contract. Breaking those contracts would massively hurt our economy and those contracts would get reinstated in court anyway. Some gas isn’t under contract but the money we’d raise from it isn’t that much anyway, especially as (ideally) the world moves away from fossil fuels.
Breaking those contracts would massively hurt our economy
Staying in them is massively hurting our economy too. Surely breaking them sooner than later is better in the long run.
Does the gas lobby pay you for your comment?
Not letting gas extractors take our gas for free and sell it oversees for huge profit will hurt the economy? I very much doubt that. It might hurt the profit of some gas companies. It might hurt say Japan, who manages to take our tax free gas and then on sell it with their own govt tax added on the international market.
If the contracts are a complete rort then I say we scrap 'em. Be the sovereign risk the investors should have taken into account investing into such an unfair arrangement…
Or even given some nominal compensation where they are made whole, accounting for inflation, but not profit.
These are our own resources we’re talking about. Legal arguments are a cop out when the law is set up to favour private property at the expense of the rest of us.
We most certainly can scrap bullshit contracts, signed by politicians who then go on to be employed by those same companies. It may not legally be corruption, but it is corruption.
We have 100% moral cover to tell these companies to get fucked, and we should do it.
What are they gonna do? Stop investing in extracting our gas resources and paying hardly any tax or royalties on it? OH NoOoOoOoOoO. What ever shall we do‽‽‽
Sovereign risk affects all industries, not just the gas industry. “Moral cover” counts for nothing.
We have resources. Would we lose some international investment? Maybe. But time and time again modest tax reform doesn’t lead to capital flight in the way capitalists claim.
And even if we don’t want to rip up contracts (though we should when they’re clearly unfair), there’s no excuse for not progressively instituting new tax and royalties settings as they expire.
And yet, the Labor government won’t, because they’re corrupt and bought by the gas industry (not in a legal sense, but in reality).
Most gas is already under contract. Breaking those contracts would massively hurt our economy
Nah fuck that. There aren’t alternatives they can reasonably turn to. The only thing hurting our economy is allowing companies to steal from the Australian people without paying for our resources.
Courts can’t overturn it if Parliament enacts a law specifically saying they can do it. There’s certainly nothing in the constitution that would prevent this.
What’d hurt the economy isn’t losing the gas industry, it’s losing all the other industries that depend on the government not tearing up contracts already signed for a quick buck.
Doubt it, they told you to your face, they don’t like you:
https://www.youtube.com/shorts/XzAghE-66rQ
And in response:
The prime minister downplayed the incident on Friday, telling reporters that there were more than 30,000 people in attendance and “overwhelmingly the reception was incredibly positive”
🙄
