After all, that’s how politicians and the media describe the gas industry. But the truth is the federal government collects more money from the beer excise than from the Petroleum Resource Rent Tax, as Independent ACT Senator David Pocock pointed out in Parliament, in an exchange that went viral.
When Prime Minister Anthony Albanese was asked why Australian beer drinkers pay more tax than gas export companies, the PM dodged the issue by accusing Senator Pocock of “promot(ing) grievance”.
If, like most Australians, you think Australia shouldn’t be giving away its gas for free, or that the gas industry should contribute more from its super profits tax than the beer excise, the Prime Minister seems to think you should stop whingeing about it. The real question is – why isn’t the Prime Minister aggrieved by this gas rip-off?
Australia has a gas export problem. Gas exports have led to the tripling of wholesale east coast gas prices and doubling of electricity prices, since exports began in 2015. The gas export industry doesn’t even pay royalties on more than half of those exports, according to Australia Institute research. In just 4 years, multinational companies made $149 billion exporting gas from Australia royalty-free.





