The war in Ukraine is NOT the reason for increasing energy prices in Australia
Australia doesn't import any coal or gas!
The reason is that our governments have handed control of our resources to foreign owned energy giants who are forcing us to compete for our own resources.
Understand that the 96% foreign-owned LNG gas export companies currently making windfall profits from gouging Australian customers for our own gas, are using the energy crisis they have created to push for new gas fields that will allow them export more of our gas.
Let me try and explain the monumental incompetence of the mismanagement of Australia's gas resources.
Vast amounts of gas is exported from Australia, but not by Australians. Its exported by a handful of predominantly foreign owned multinational gas corporations, 🧵👇1/10
Shell and Woodside are withholding Australian gas from Australian customers because prices have been capped to limit amount they can price gouge us.
Time for a windfall profits tax now
#auspol
Who’d have thought that if we handed control of our entire gas resource to a bunch of global resource giants, they’d evade tax, mercilessly price gouge us for our own resources, then withhold supply when we tried to stop them!?!
Not our governments, clearly
#auspol
This isn’t just happening to us, it’s being done to us.
By fossil fuel companies and the governments who enable them.
Australia has 100+ major fossil projects under development that will add billions of tonnes of emissions to our atmosphere.
Apparently Australia, one of the worlds biggest gas exporters, is going start IMPORTING gas because we let foreign owned gas corporations export 80% of our gas and are too weak to keep a tiny bit more for ourselves.
Who's running this country?
Hey Australians, pretty much every dollar extra you pay for gas or electricity produced from gas goes to windfall profits for the 96% foreign LNG industry who are gouging us for our own gas.
96% of their profits go offshore and most of them pay little if any tax
#auspol
Let’s take a moment to let this sink in.
LNG producers operating in Australia were understating their taxable income by $40 BILLION by claiming exorbitant interest on dodgy loans from parent companies.
Organised crime ripping off Australian taxpayers.
The war in Ukraine has raised global gas prices but is not the cause of high gas prices in Australia because we don’t import gas.
The cause is LNG producers deliberately linking Australian gas to the global market so they CAN charge us global prices… for our own gas.
The 9 big gas companies running the QLD LNG export terminals that are exporting two thirds of our gas and have exposed us to global gas prices have paid ZERO income tax since exports began.
Read more:
.
This power crisis sounds complicated
But the cause is simple.
Because we export so much coal and gas we are at the mercy of global coal and gas prices
This doesn’t happen if run our houses and businesses with electricity from renewable energy and storage
Let’s do it
Either we tax the crap out of coal, oil and gas companies on their way out, or we let them walk off with $ trillions in windfall profits while we are left paying astronomical cost of climate change. It’s that simple.
#auspol
Hard to see how stopping new gas megaprojects will hurt the economy when most LNG projects pay no royalties, and few pay and company income tax or resource rent tax
#auspol
Woodside’s ad for their Scarborough project misses a few key facts:
1. Almost all the gas will be exported
2. They get the gas for free (no royalties)
3. It will pay zero revenue to WA
4. It will cause around 1.3 BILLION tonnes of emissions, making WA hotter and drier
The 77 new coal and 44 gas projects under development in Australia that would collectively add 1.7 billion tonnes of emissions to our atmosphere every year, are all nails in the coffin of our Pacific Island neighbours… and ours.
#PacificIslandsForum
In 2021-22 Exxon, Shell and Chevron made $42 BILLION selling gas that belongs to Australians, that the Australian Government gave them for free. None of them paid any Petroleum Resource Rent Tax (PRRT).
#auspol
#WApol
BoM's devastating maximum temperature outlook for Jan- March.
More heatwaves and fires, wrecking the things we love about living in Australia...outdoor sport, camping, enjoying the bush, the beach...
Caused by a tiny handful of fossil fuel executives in companies like Exxon,
The PM calls the new gas plan a "pillar of the Jobmaker plan"
But gas is the least labour intensive industry in Australia. Supporting any other industry would create more jobs
Did you know Woodside will get the Scarborough gas, that belongs to Australians FOR FREE, because the government does not charge them royalties?
Australia and WA get NOTHING.
We are being robbed, aided and abetted by our governments.
If you paid more than $30 income tax in 2020-21, you paid more tax than Chevron, Woodside, Santos, Exxon, Inpex and APLNG paid on $58 billion of income.
$58 billion is the average income 861,000 Australians, who paid $17.4 billion tax that year.
Just sayin
#auspol
The cause of the gas crisis isn’t the war in Ukraine or cold weather
The cause LNG exporters being allowed to export virtually unlimited amounts of Australian gas exposing us to global prices
#insiders
Santos, probably Australia's whingiest gas company paid less tax than the average Australian worker on $5.8 billion of income in 2021-22.
That's less tax than the average Australian worker on 58 thousand times the average worker's income.
Gas companies whining about “sovereign risk” is pure gaslighting.
They say it every time there is any suggestion of any policy they don’t like.
It implies governments can’t make or change policies in the national interest if gas companies don’t like them.
Utter nonsense.
Madeleine King tells Australians Japan needs our gas to keep the lights on.
Meanwhile Japan is importing excess gas and selling it on to other countries… and subsidises them to use it! 🤦
Foreign ownership and company income tax paid by the QLD LNG companies currently making windfall profits by gouging Australian gas customers.
#auspol
#EnergyCrisis
#GasPrice
Shell made $20 billion profit last year, but paid zero company tax in Australia and no tax or royalties on any gas it exported from WA- effectively receiving $ billions of our gas for free
#auspol
#wapol
More detail in thread👇
Just as everyone was knocking off for Xmas, the Australian Government approved a massive new gas field that will provide free gas to notorious tax cheats Shell, and add half a BILLION tonnes of emissions to our atmosphere. 🧵👇1/5
Yancoal's Warkworth coal in the Hunter valley...see what the land used to look like on LHS
Yancoal paid zero tax on $31 billion income between 2014-2022.
Great ABC article explaining why EVs are so much lower emissions than petrol vehicles
…even when EVs are built with fossil energy and powered by fossil electricity.
If you lie,
…and have a massive media empire endlessly repeating your lies,
…who’ve prepared the ground for decades stoking hate, fear and resentment,
…and a national broadcaster that thinks balance is having a liar for every honest opinion,
..It can be quite effective!
Increasing electricity prices are approx. 100% due to coal and gas producers charging Australians global prices for our own resources, making windfall profits with no increase in their own costs.
Ignore headlines falsely conflating it with costs of transitioning to renewables
As Labor considers whether to let Texan fracking company frack our iconic Kimberley, a reminder that 50 prominent Australians including Australian of the year Fiona Stanley, WA scientist of the year Peter Newman called for BAN ON FRACKING in WA.
Nails it
“AUKUS was a $368 billion pitch to get Scott Morrison a job. It is reported that he will soon take a role at a British defence company. He will not resign until the contract is signed. It is a continuous, unbroken grift.”
#auspol
Peak coal and gas lobby groups call for nuclear.
Of course they do!
Because nuclear is a about 3x the cost of coal and gas, so no threat, whereas renewables are far cheaper, and a real threat.
Just muddying the waters to try and slow renewables
Electricity price rises are approx. 100% due to coal and gas prices.
We are exposed because exporters can charge us global prices for our own resources, and the previous government deliberately delayed the switch to renewables.
#auspol
When this happens in Australia, and whole regions become uninsurable, do you think ordinary households, businesses and taxpayers should cover the costs?
..or the coal, oil and gas companies who are causing it and raking in $ trillions of windfall profits?
Foreigners corporations are exporting more than 80% of Australia’s gas and leaving us short.
And the Australian government gives them most of the gas for free!
These are the boats we need to stop.
New Australia Institute analysis of ATO shows that key
@APPEA
members, gas giants Exxon, Santos, Senex, Arrow and APLNG, , paid no income tax over last 7 years on $138 billion income.
Santos paid just $6 million on $27.8 billion income.
More in thread
Why should the people of Gippsland, and ordinary Australian households have to pay the costs of climate breakdown caused by the fossil fuel industry!?
We urgently need a Climate Disaster Levy on fossil fuel companies.
Let’s call it what it is. Racism.
This would never be allowed to happen to a site of similar cultural importance to white Australia… or probably anywhere in the world.
Approved by WA Government and Australian environment minister
#auspol
Unbelievable.
Japan isn’t just on-selling Australian gas, it’s is on-selling more gas than Australia exports to it.
And the Australian Government is telling the Australian people we need to approve more new climate destroying gas export projects to keep the lights on in
Japan does not need Australian gas to keep the lights on
Japanese companies sold more than 30 mt to third countries in FY2020, FY2021 and FY2022, peaking at 38mt in FY2021. This is more than Australia’s total LNG exports to Japan over those three years
A handful of executives at giant fossil fuel corporations have decided to destroy your future, you children’s future and everyone else’s future to get their corporate bonuses.
And our governments have said…yeh, OK.
You should be very angry,
Its uncanny how closely Labor's Future of Gas Strategy follows what Woodside requested in their submission.
Its almost as though they were doing what they were told.
Find out how the 97% foreign owned LNG exporters are making windfall profits from fueling the energy crisis, gouging Australian customers, paying little tax, often no royalties and how exposing us to global prices was always a deliberate strategy
#auspol
Are we really going to hand out billions more dollars of taxpayers money building infrastructure for foreign owned gas companies who are making windfall profits and pay virtually no tax to help them trash the climate?
#aupol
So it turns out those billions of tonnes of emissions from coal and gas we export don’t just stay overseas, they heat the whole planet, including us.
Australia is the worlds biggest (or close to) coal and LNG exporter.. and still approving more!
#auspol
A reminder to parliamentarians heading to Canberra airport at the end of a busy sitting week, that they're giving most of the gas exported from Australia, *that belongs to Australians!* to a handful of foreign owned corporates FOR FREE.
Can you start charging for it please?
None of the QLD CSG fracking companies including Santos have paid virtually any income tax on the tens of $billions income from these operations (to most recent ATO data)
How is it in Australia's national Interest to keep approving their climate destroying gas export projects?
No royalties are paid on half the gas exported from Australia, meaning that the Australian Government gives YOUR GAS away to multinational gas corporations for free.
These companies then make windfall profits selling it back to us at inflated prices.
Billboards springing up today across the Perth suburbs showing how Western Australians are being gaslit.
Multinational corporates are exporting 90% of WA's gas, and they get 73% of the gas royalty free....then tell us we're running out of gas.
That’s YOUR gas Woodside are selling to Taiwan.
The Australian Government who manage the resource on your behalf will not charge royalties. I.e. they will give the gas to Woodside FOR FREE.
Isn’t it strange the gas industry feels the need to constantly advertise how good they are. Other industries don’t do that.
It’s almost like they have something to hide.
Woodside’s ad for their Scarborough project misses a few key facts:
1. Almost all the gas will be exported
2. They get the gas for free (no royalties)
3. It will pay zero revenue to WA
4. It will cause around 1.3 BILLION tonnes of emissions, making WA hotter and drier
A big beat-up today about needing gas for electricity in the future.
Lets have a look at the amount of electricity from gas AEMO says we need in perspective.
I've pointed to it in red because its so small you can hardly make it out.
Sadly the Aus Government wont tax these super-profits, meaning we miss out on tens of $billions in revenue.
That’s cool though, because Chevron paid $30 corporate tax 2020/21, $30 more than they paid in previous years and $30 more than Exxon.
#auspol
Anyone think the coal and gas companies fuelling climate change and making these floods more frequent and extreme, should start paying some of the costs? 1/2
#auspol
Great that Chris Bowen highlights climate change is making floods like this worse.
So presumably Government will announce an immediate halt to fracking in the Kimberly that could add literally Billions of tonnes of emissions to the atmosphere
#auspol
Fun fact
Gas exporters use more gas running their export terminals than all Australian power stations, more than all Australian manufacturing, almost 3X all Australian households
That's on top of exporting 70-80% of Australian gas
Apparently there's a gas shortage
#auspol
Next time you’re trying to back out of a car park but you can’t see because there’s a Ram or Chevrolet “pickup truck” blocking your view… just remember, you helped pay for it!
By far the most important thing Australia can do to fight climate change is to end all NEW fossil fuel development.
Not only is this not expensive, it's free.
No job losses, and Australia wouldn't lose much revenue because they pay virtually no tax.
With a delicious sense of irony, the Queensland Government gives $21 million in subsidies to gas companies on the same day we find out the three big QLD gas companies; Santos, APLNG and Arrow paid $0 company income tax on $14 BILLION of income!
Santos only breached its obligations on 4,701 occasions.
…so yeh, let’s just keep approving their dodgy gas mega-projects like Barossa. What could possibly go wrong?
Fun fact!
If Woodside’s Browse Gas Project, goes ahead, Woodside would get $ BILLIONS of gas FOR FREE.
They would pay ZERO royalties on most of the gas, and ZERO PRRT.
…as well wrecking pristine Scott Reef.
Tough choice for Labor.
A handful of executives at giant fossil fuel corporations have decided to destroy your future, you children’s future and everyone else’s future to get their corporate bonuses.
And our governments have said…yeh, OK.
You should be very angry.
People could be dropping dead from heatstroke and Australian newspapers would still have pictures of people sitting on the beach to illustrate the story
So when will you tell your children that when they grow up, every day will be like this because the people we voted for just had to keep on approving massive new fossil projects for companies like Woodside and Shell?
#auspol
Just a reminder that over 80% of Australia's gas is exported by a handful of foreign owned companies, who use more gas processing the gas for export than Australia uses for electricity generation...or manufacturing...or mining..
Oh yeh, and they get most of the gas for free.
We are not just sleepwalking towards disaster, we are pouring fuel on the fire!
Every year Australian fossil fuel exports add 1.5 billion tonnes of emissions to our atmosphere and our governments are still subsidising and approving enormous new projects.
#auspol
Let me got this right.
During the worst coral bleaching ever, the day before the extinction crisis inquiry hearings, the Government caves to the gas industry to keep Howard/ Abbott’s environment laws that itsown inquiry said were utterly broken.
Wow
I'm staggered by the gall of these foreign owned gas corporates INPEX and Chevron lecturing Australians.
Both get ALL the gas they export (that belongs to Australians)-FOR FREE!
Neither pay PRRT despite making massive windfall profits selling our gas.
Not only will Woodside drill into a pristine reef, pumping vast amounts more fossil fuels into the atmosphere, for gas that is entirely for export…
.. but they will get the gas FOR FREE. Australia/ WA get NOTHING.
This year Norwegians will receive 64% of revenue from their oil and gas, while Australians will get <10%
Read how our politicians have allowed us to be fleeced by the global oil and gas giants we let export 80% of our gas
Great work by
@DanielBleakley
Other big gas producing nations like Qatar and Norway would never be so stupid.
They ensure they have plentiful gas, tax the hell out of them and their citizens are rich as a result. 9/10
Schools closed, extreme fire danger declared as heatwave hits NSW
Every new coal mine and gas field makes heatwaves and fires more frequent and extreme.
Looking at you Santos, Woodside, Glencore, BMA
Note the dishonest straw-man argument Minister King uses.
She says “ending fossil fuels immediately would lead to “economic catastrophe”
But NO-ONE is suggesting “ending fossil fuels immediately.” They are protesting massive NEW fossil fuel projects
How can the Pacific Islands
@ForumSEC
take Australia seriously on climate change when Australia has enough new coal and gas projects under development to add 1.7 BILLION tonnes of emissions PER YEAR to atmosphere, equivalent to building over 200 new coal power stations 🧵👇 1/5
Meanwhile in Australia, Government considering approval of Browse gas mega-project to add 1.6 billion tonnes emissions to our atmosphere, part of bigger NWS LNG extension (4.3 billion tonnes) follows Pluto (1.3 billion), NSW Gov approves Mt Pleasant coal mine.. and on it goes…
I have never seen climate carnage on the scale of the floods here in Pakistan.
As our planet continues to warm, all countries will increasingly suffer losses and damage from climate beyond their capacity to adapt.
This is a global crisis. It demands a global response.
Unbelievably, no gas export company has paid any Petroleum Resource Rent Tax (PRRT) ever (according to Treasury), and over half the gas is given away royalty free, 73% in WA. 6/10
Australia is the word’s third largest fossil fuel exporter and fifth largest producer. There are 100+ new coal and gas projects under development in Australia.
Just saying.
Extraordinary heat wave in
#Australia
,unbelievable temperatures for this time of the year widespread >35C in the South.
36.9C at Sydney Airport,35.6C in the Observatory and 35.3C in the Harbour.
Australia has been living something exceptional for weeks with 35C/40C in the South.
US oil giant Chevron, that pays virtually no company tax in Aus despite multi-billion profits, but received $60m handout for CCS project that failed for first 3 years- has just cut 30% of its Australian workforce
....gas fired recovery anyone?
The WA Government has approved Woodside gas projects signed off by CEO Meg O’Neill that will add around 5 BILLION tonnes of emissions to our atmosphere, and corrode priceless 40,000 year old Aboriginal rock art
Who are the extremists!?
#auspol
New ACCC report shows LNG producers taking more gas from domestic market.
Let’s be clear, this gas goes to global spot market to cash in on high global prices.
Every day we don’t have windfall profits tax is a day ordinary Australians pay for LNG windfall profits
#auspol
Did you know that Japanese oil and gas giant that dictates Australia’s energy policy:
😡Gets Australia’s gas for free
And
😡Pays zero petroleum resource rent tax (PRRT)
And, Japan on-sells the gas!
It’s not a new tactic.
It’s called legal intimidation by multibillion oil and gas corporates of under-resourced environmental and indigenous groups trying to protect nature and cultural heritage.
And it’s disgusting.
Shell selling gas to itself for $30 GJ less than market price to avoid tax in Australia
If true, that’s illegal
Shell has paid ZERO company income tax on $ billions of income from its QLD LNG exports to date
How about some consequences
#auspol
‘Haha… the Courrier Mail are shocked a Premier stood up to the coal industry and got a good deal for Queenslanders rather than just doing what he’s told.