Australia Rejects Gas Export Tax, But Campaigners Refuse to Back Down

The Australian government has rejected calls for a tax on gas exports, but environmental campaigners are not giving up. The Australia Institute and Independent senators have been pushing for a 25% tax on liquefied natural gas (LNG) exports to raise an estimated $17 billion in revenue each year.

This revenue would be used to fund public housing, free childcare, and other community services. Proponents of the tax also argue that it would incentivize producers to supply the local market first, resulting in lower domestic prices.

The government argues that imposing a tax on gas exports could risk Australia's reputation as a reliable trading partner and jeopardise fuel security. Prime Minister Anthony Albanese has stated that the industry already pays enough taxes, including company tax, royalties, and the Petroleum Resource Rent Tax (PRRT).