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AAP
AAP
Business
Poppy Johnston

Petroleum tax hike a bandaid budget fix: Woodside boss

Woodside's Meg O'Neill warned altering tax on fossil fuel companies could jeopardise new supply. (Lukas Coch/AAP PHOTOS) (AAP)

The head of gas and oil giant Woodside has warned the government to resist reaching for a bandaid solution to its budget woes by lifting or altering the petroleum resource rent tax.

Chief executive Meg O'Neill recognised the temptation to alter the tax settings for fossil fuel companies given the budget position but warned such efforts could jeopardise new supply.

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