The Greens have responded to reports that the government’s planned changes to the Petroleum Resource Rent Tax will increase revenue by only $3B over the next four years.
Comments from Greens spokesperson for Resources and First Nations, and Yamatji Noongar woman, Senator Dorinda Cox:
“Australian taxpayers expect transparency and integrity in parliament not the insidiousness of state capture becoming standard practice.”
“These fossil fuel companies need to pay their fair share, so the government can properly invest in housing, healthcare, and take real action on the climate crisis that these companies are accelerating.”
“Considering there’s $284B in unclaimed tax deductions that gas giants have accumulated under the PRRT, the Treasurer prying only $3 billion from them is a pitiful drop in the ocean.”
“You know the PRRT is utterly broken when Woodside and Santos are set to record massive profits in the next financial year.”
“How much longer will the Albanese Government continue to allow mining companies to take resources that don’t belong to them, for free, and sell them off for unimaginably large profits, when the money raised from PRRT could address the cost of living crisis impacting everyday Australians?”