Angus Taylor signals Coalition may reject Labor changes to petroleum resource rent tax

Angus Taylor says taxing the gas industry is the wrong way to deliver affordable energy, signalling the Liberal party may oppose Labor’s petroleum resource rent tax (PRRT) changes. Photograph: Lukas Coch/AAP

Angus Taylor has warned Labor against the “death by a thousand cuts” of the gas industry, signalling the Coalition may reject changes to the petroleum resource rent tax (PRRT).

The shadow treasurer made the comments at the National Press Club on Wednesday, in an alarming sign for industry that the Albanese government may be forced to deal with the Greens to pass the reform.