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Do the petrol companies need our charity? I don’t think so.

12 Apr 05:40am

Filed under: Australian Petroleum Production & Exploration Association, Economy, Environment, Fuel Tax Credit Scheme, Mining

29 comments

Since word got out that the government was considering cutting back on the $2 billion handout to resource companies known as the Fuel Tax Credit scheme, there has been the normal outburst of complaint from the industry’s lobbyists.

I mean, we don't give them enough as it is… Picture: Damian Shaw

In last week’s Financial Review, it was Australian Petroleum Production & Exploration Association’s turn to insist that any cutbacks to this boondoggle would result in risk to “billions of dollars in investment in oil and gas development”.

If this sounds familiar, it’s because you’ve definitely heard it before.

Continue reading "Do the petrol companies need our charity? I don’t think so." »

Latest 2 of 29 comments

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marley says:

03:17pm | 12/04/12

Let them decamp to Canada. We can use the money. Man does not live by pemmican alone. Sometimes, being able to pay for a steak is nice. Read more »
Jim says:

03:05pm | 12/04/12

Yeah good call daf….though you forgot the ‘t’ on the end of your name. Last year there was $12bn worth of coal exported from NSW alone, at the same time we imported $10.5bn worth of fuel into NSW. Won’t take much to tip the balance…damn, your useless arts degree may… Read more »

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