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Majority of Australians back taxing fossil fuel companies’ super profits, survey shows
(The Guardian, 2 Nov 2022) Research comes as treasurer acknowledges ‘an appetite in the community’ to strengthen petroleum resource rent tax.
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 Guardian, 2 Nov 2022: Majority of Australians back taxing fossil fuel companies’ super profits, survey shows
