Almost…no tax or LNG royalties from… Shell’s Prelude projects?

…no tax or LNG royalties from… Shell’s Prelude projects…

The Guardian

Western Australia’s offshore gasfields pay almost no royalties and stoke carbon emissions, report finds

Australia Institute report finds state received only $430m of its revenue from industry that generated $27bn in exports last year

Peter Hannam: Sun 16 Jan 2022 16.30 GMT

Australia’s giant offshore gasfields are paying almost no royalties, create few jobs and are a large and rising source of greenhouse gases, according to a new report from the Australia Institute.

The “Gas-fired robbery” report, released Monday, finds Western Australia receives only a tiny fraction of its revenue from an industry that generated $27bn in WA exports last year.

The North West Shelf gas operations provide the bulk of the liquefied natural gas royalties paid at $425m, with no tax or LNG royalties from Woodside’s Pluto, Chevron’s Wheatstone or Shell’s Prelude projects, the analysis found.

Guardian Australia also approached the Morrison government, Woodside and Shell for comment.

FULL ARTICLE


Almost…no tax or LNG royalties from… Shell’s Prelude projects? was first posted on January 16, 2022 at 6:07 pm.
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Almost…no tax or LNG royalties from… Shell’s Prelude projects?