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Showing 1 - 10 of 58 results for "petroleum"

ESG implications of the US-Iran conflict

LIZ HARRISON  |  MONDAY, 18 MAY 2026  |  NEWS
... preferences further. This shock has clear parallels with the oil crises of the 1970s, triggered by the Organization of the Petroleum Exporting Countries (OPEC) embargo and the Iranian Revolution. Then, oil prices rose by around 400%, supply was rationed ...

Future Group calls for 25% gas export levy

ELIZA BAVIN  |  THURSDAY, 23 APR 2026  |  NEWS
... Australia collects and what comparable nations collect is stark. For example, Norway captures approximately 57-60% of petroleum resource rents; Qatar captures around 35%; and the United Kingdom around 38-40%. Australia's current effective resource rent ...

Increased tax a move to 'shut down' local oil and gas: Report

MATTHEW WAI  |  MONDAY, 13 APR 2026  |  NEWS
... and gas projects, with a current effective tax rate of as much as 57.5%. The current corporate income tax (CIT) and Petroleum Resource Rent Tax (PRRT) framework is also inherently a progressive, profit-based tax that captures additional tax revenue for ...

Polluting companies should pay their fair share: Superpower Institute

ANGELIQUE MINAS  |  THURSDAY, 29 JAN 2026  |  NEWS
... governments take approximately 30% of fossil fuel company profits through a combination of corporate tax, royalties and the Petroleum Resource Rent Tax (PRRT). The proposed levies would lift Australian closer to international practise at 60% total tax ...

Fiducian sued for greenwashing in ESG fund

ELIZA BAVIN  |  MONDAY, 6 OCT 2025  |  NEWS
... the fund held investments contrary to the representations made in the PDS, such as BHP Billiton, Rio Tinto, Woodside Petroleum, Newcrest Mining and Orica. ASIC also alleges the PDS of the fund contained false and misleading statements that it would monitor ...

Santos accused of covering up methane leak

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025  |  NEWS
... the leak but failed to order it be fixed. This included the NT Environment Protection Agency, CSIRO, National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), Clean Energy Regulator, and NT Worksafe, it said. Despite the site ...

Net zero, energy transition key election items: Grattan

JAMIE WILLIAMSON  |  MONDAY, 17 MAR 2025  |  NEWS
... actions: fix the looming shortfall, redesign the Future Gas Strategy, update market controls, and make the most of the Petroleum Resource Rent Tax. Today, about 40% of all electricity is generated by renewables and the government's Capacity Investment ...

Podcast: Decommissioning offshore oil and gas with Joshua Runciman

THE GREENER WAY  |  TUESDAY, 18 FEB 2025  |  NEWS
... Decommissioning Roadmap', helping titleholders fulfil their regulatory obligations under laws like the Offshore Petroleum and Greenhouse Gas Storage Act 2006. Here to discuss is Joshua Runciman, lead analyst of Australian gas at the Institute for ...

Microsoft makes largest ever offset purchase

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... controversial due to the grave opportunity cost and unproven at scale. The tech giant bought the credits from Occidental Petroleum subsidiary 1PointFive, a carbon capture, storage, and sequestration (CCUS) company. 1PointFive noted that under the safe ...

Big win for Great Artesian Basin

MICHELLE BALTAZAR  |  FRIDAY, 7 JUN 2024  |  NEWS
... Queensland would be running no stock and bringing no value to the state economy." The ban also extends to enhanced oil or petroleum recovery activities that use a greenhouse gas stream, the government said. "I've listened to Queenslanders and I am making ...
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