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Ex-BP Boss: Australia Deserves Gas Tax Windfall
Description
Former BP Australasia boss, Greg Bourne, advocates for a 25% LNG export tax, potentially yielding $17 billion annually. Support grows from crossbenchers, Liberal and Labor MPs, and CBA CEO. Industry counters with tax payments of $22 billion last year, warning of project cancellations and exodus to greener markets. Bourne dismisses industry threats, labeling them as status quo defenders amid waning projects and global renewable shift. Inquiry intensifies with Greens leader Adam Bandt and economist Ross Garnaut, proposing Norways model. Shells senior Aussie leader attends, while others hold back amid record profits. The tax debate shapes the May budget and future.
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