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The Latest Breaking News from Australia Institute

Business profit-taking is emerging as one of the hidden drivers of booming inflation

Demand isn’t the big problem for inflation — it’s external factors, including business using the cover of inflation to increase profits.

Crikey

Federal government under pressure to increase EV uptake after ACT announces petrol car ban

Electric vehicle advocates and auto industry say Australia needs nationally mandated fuel efficiency standards

The Guardian - AU

Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax in Australia

Tax is a ‘no-brainer’ after companies’ huge profits during Covid but corporate influence makes it ‘politically difficult’, Stiglitz says

The Guardian - AU

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Inflation blame game: Are soaring profits pushing up prices?

What, or whom, is to blame for the worst cost-of-living crisis in decades? New analysis has pointed the finger at greedy businesses.

The New Daily

Calls for more water buybacks to sustain Murray Darling Basin as government continues to fall short of target

Just two gigalitres of a promised 450GL have been delivered so far ahead of the overdue Water for the Environment Special Account review

The Guardian - AU

Rising profits behind inflation

A new report has found rising wages have contributed little to increasing inflation levels, with corporate profits largely to blame.

Crikey

Labor to remake carbon credit committee after three controversial Coalition appointments resign

A major cleanout of Coalition-appointed members of a committee overseeing emissions reductions in Australia has seen three resignations, including the chair.

ABC News

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Paul Bongiorno: Truth in politics – now that would be something

The Albanese government is determined to prevent oligarchs like billionaire miner and developer Clive Palmer from distorting future federal elections.

The New Daily

More women than men voted against Morrison government in federal election, polling shows

Australia Institute survey finds Coalition’s treatment of women seen as ‘weakness’ by two-thirds of voters

The Guardian - AU

Women less likely to vote for federal LNP

Female voters are less likely to vote for the coalition in a federal election than males, and both identify the treatment of women as the biggest weakness.

Crikey

Parties spent $12m on online election ads

New research has revealed more than $12 million was spent on Facebook and Instagram advertising alone in the two months before the election.

AAP

Consultation needed for Renewable Energy Zones

A new report argues that governments will need to increase the benefits to regional communities that host large-scale solar, wind and transmission infrastructure if they want to ensure long-term support for renewable energy.

Newcastle Herald

Minimum wage increase a rare bright spot for workers

The Fair Work Commission decision to increase the minimum wage by 5.2 per cent is a rare bright spot for workers in what has been a terrible decade.

The New Daily

Bowen faces calls to slug gas companies with windfall profits tax

The Albanese government is facing renewed calls to introduce a windfall profits tax on the mostly foreign-owned gas industry.

The New Daily

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ABC News

How your spiking energy bills are making foreign investors rich

Australia's oil and gas resources are overwhelmingly exploited by global multinationals and most of these corporations pay no tax.

Crikey

Gas exporters mostly foreign owned

Companies exporting gas from Australia are 95 per cent under foreign ownership, fresh analysis by the Australia Institute think tank shows.

The New Daily

Michael Pascoe: Mates rates, or how the Coalition sat on a $100-billion gas-tax rort

Treasury officials are "briefing the new government on a number of matters, including the PRRT gas transfer price review”.

The Guardian - AU

Barnaby Joyce fights to stay on as Nationals’ leader as poll suggests most voters view him as electoral weakness

David Littleproud and Darren Chester make the case for a refresh in wake of Coalition rout

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The Guardian - AU

More than $1bn of Coalition’s climate funding could go to fossil fuel projects, analysis finds

‘Clean’ hydrogen and carbon capture and storage head list of funding pledges since net zero promise

ABC News

Australia Institute disputes Victorian coal-to-hydrogen emissions claims

A think tank says a project to make hydrogen from coal is unlikely to meet its carbon reduction claims. But the criticism has been dismissed by project bosses who say the researchers have their numbers wrong.

AAP

'Clean hydrogen' confounds most Aussies

The term "clean hydrogen" confounds most Australians, with a new poll showing just 22 per cent know it can involve fossil fuels with carbon capture and storage.

Crikey

‘Clean hydrogen’ confounds most Aussies

The term “clean hydrogen” confounds most Australians, with a new poll showing just 22 per cent know it can involve fossil fuels with carbon capture and storage.

ABC News

Will a 5 per cent pay rise for workers lift the cost of your coffee and petrol by the same amount?

Boosting workers' wages by 5 per cent – for all workers, not just those on the minimum wage — would lead to an increase in prices across the economy of about 2 per cent, according to a new report.

The Guardian - AU

More than 30 retired judges call for ‘urgently needed’ federal Icac

Eminent jurists say ahead of election that watchdog crucial to halt ‘serious erosion’ of democratic principles and restore trust in politics

Crikey

Surprise, surprise! The gas industry lied about tax revenue

A report has found that big claims of tax benefits from fossil fuel projects from a decade ago don’t stack up. And that’s bad news for taxpayers.

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