Majority of Australians back taxing fossil fuel companies’ super profits, survey shows

Thu, 17 Nov 2022 11:52:19 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.theguardian.com/environment/2022/nov/03/majority-of-australians-back-taxing-fossil-fuel-companies-super-profits-survey-shows>

"A majority of Australians, including Coalition voters, support taxing the
super profits of the booming oil and gas industry, according to an
authoritative annual survey.

The latest Climate of the Nation survey of voters – now in its 15th year and
managed by the progressive thinktank the Australia Institute – shows 61% of
2,691 respondents would back a windfall tax. The proposal captures majority
support across all age, state, gender and voting intention demographics, with
the exception of One Nation voters.

The Albanese government is working up a regulatory intervention to bring down
soaring energy prices.

In addition to making the gas code mandatory, and potentially imposing price
controls, the treasurer, Jim Chalmers, has acknowledged “an appetite in the
Australian community” to strengthen the petroleum resource rent tax to ensure
the budget nets a greater slice of the super profits of LNG producers.

The new poll shows that in addition to a windfall tax, 62% of respondents would
support a levy on fossil fuel producers to fund adaptation initiatives needed
to avert global heating. A significant majority of respondents (80%) also want
routine environmental assessments strengthened, so the climate impact of new
fossil fuel developments would be considered in the regulatory process."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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