Conflicting energy-focused calls as the federal budget approaches


Peak’s oil and gas lobby group calls on the federal government for more tax incentives for the industry in its next federal budget in a call from conservation groups to abolish fossil fuel subsidies. I did.

The Australian Petroleum Production Exploration Association (APPEA), which represents the interests of the oil and gas industry, has announced that the Australian government will amend the Offshore Oil and Greenhouse Gas Storage Act to controversial technologies for capturing, storing and using carbon. We hope to provide more support. ..

In a budget submission on January 31, the organization stated that support would help decarbonize and reduce emissions in the oil and gas industry.

“Australia and its government have a once-in-a-generation, large-scale opportunity to make policy decisions that provide the foundation for the future growth of our economy,” said APPEA CEO. Said Andrew McConville.

APPEA provides immediate deductions for salaries and wages, increases incentives for small oil and gas companies, eliminates inefficiencies and duplication of environmental protection and biodiversity conservation laws, and more. I’m asking for a change.

Epoch Times Photo
The Parramatta Shell Oil Refinery will be found in Sydney, Australia on June 2, 2007. (Ian Waldie / Getty Images)

Calls from industry groups will come later research ((((pdf) From an independent think tank In 2021, the Australian Institute will spend $ 10.3 billion on fossil fuel subsidies for Australians in 2020-21, providing the industry with $ 7.84 billion with a single federal tax deduction. I found that I would do it. a billion).

In addition, research shows that all but one Australian state government has spent an estimated $ 1.2 billion on the fossil fuel industry. Queensland provided $ 744 million worth of aid, Northern Territory provided $ 5 billion in offshore gas and pipeline subsidies, and Western Australia spent hundreds of dollars. rice field. Millions of dollars at coal-fired power plants and $ 100 million in Victoria to convert lignite to hydrogen.

According to the Institute, the Australian Capital Territory is Australia’s only jurisdiction with no fossil fuel subsidies, along with Australia’s most ambitious climate goals.

Meanwhile, the Australian Conservation Foundation (ACF), a national environmental organization, wants the federal government to reduce subsidies to fossil fuels and invest heavily in clean exports and land restoration.

The Foundation’s proposed investments include $ 10 billion ($ 7.1 billion) in a clean export industry, $ 5 billion ($ 3.5 billion) in establishing a regional energy transition agency, and $ 2 billion (1.4 billion) in three years. Dollar) is included. Expenditures for conservation and land management.

“Australia can become the world’s clean energy superpower in the next decade by replacing coal, gas and uranium exports with renewable energy products such as green hydrogen, steel and aluminum,” said ACF Matt. Mr. Rose said.

“Our clean air and water, land and resources support Australia’s health and prosperity. We protect our natural capital, especially after wildfires, droughts and decades of over-cutting. , I have to do more to recover. “

Regarding the sources of funding for these activities, the ACF said the Australian government could reduce subsidies to the fossil fuel industry, including a tax credit of $ 7.8 billion ($ 5.5 billion) in fiscal year 2020/21.

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