Two days after the Reserve Bank’s latest rate raise, attention has swiftly turned to the fossil fuels industry as momentum builds for a windfall tax – or some form of action – on the sector’s super profits.
The sharpest words from the federal government came today, with industry minister Ed Husic condemning a “glut of greed” among gas producers who are “tone deaf” to appeals on prices, as he considers a “wide range of interventions”. Independent senator David Pocock added to calls to tax the super profits of fossil fuel companies – and 61% of Australians agree, according to a new poll.
