About this episode

The episode discusses Australia's energy crisis and potential reforms in the LNG sector, highlighting key figures and events from the Business Leaders Forum in China.

Highlights – The Business Leaders Forum at Boao, China Tim attended the Boao Forum in Hainan Island, China, joining an Australian delegation that included Oliver Yates, Frank Jotzo, Justin Punch, Jenny Selway, Geoff Brooks, Andrew Forrest and six members of the FMG green team, and Australian Ambassador to China Scott Dewar. China's stated position remains one of full commitment to electrification and decarbonisation. Highlights – PRRT Reform The ACTU continues to call for a flat 25% tax on Australian LNG to replace the The Petroleum Resource Rent Tax, with the objective of capturing windfall profits and generating tax revenues of up to $10bn to fund energy poverty relief across Australia. The Albanese government is reported to be considering options to impose a new levy on gas multinationals, as well as further changes to the Petroleum Resources Rent Tax (PRRT). CEF's Matt Pollard has published a detailed analysis (featured in Pearls & Wisdom) examining how the Queensland State Government's 2022 move to a progressive tiered royalty system saw the state receive 40 cents in the dollar for coal export sales above $300/t, with five lower tiers starting at 7% when coal prices are…

People in this episode

Host: Grant McDowell

Topics covered

• energy crisis
• LNG tax
• decarbonisation
• Australian economy
• business leaders forum

Keywords

• energy crisis
• LNG
• tax reform
• decarbonisation
• Australia
• business leaders
• PRRT

Mentioned in this episode

Organizations: ACTU, Albanese government, CEF

Places: Boao, China, Hainan Island, China, Australia, Queensland

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