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The Latest Breaking News from Samantha McCulloch

Gas lobby ad found misleading for 'cleaner' claims

Australia's peak oil and gas lobby has modified its latest ad campaign after its claim gas was "cleaner" breached industry standards.

AAP

Record gas exports plump energy and resources windfall

Fallout from Russia's invasion of Ukraine and a strong US dollar have helped deliver estimated record earnings for Australian resource and energy exports.

AAP

Do the PRRT changes in the budget go far enough to fix a 'broken' Petroleum Resource Rent Tax?

Economists and energy experts say the government is short-changing Australians with planned changes to the Petroleum Resource Rent Tax that will only raise an additional $2.4 billion over five years.

ABC News

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Producers welcome Treasurer’s budget tweak to petroleum resource rent tax

An overhaul of the petroleum resource rent tax will help get Australia's finances back on track, Treasurer Jim Chalmers says.

The New Daily

Tax shield on super gas profits leaves Australians looking like 'chumps', economist says

It was once described as world-leading, but calls are growing louder for changes to Australia's super gas profits tax amid claims it is collecting "beer nuts".

ABC News

Industry minister not buying gas industry's tax defence

The oil and gas industry has pushed back on possible federal budget changes to tax settings that could result in the industry paying more.

AAP

Tax from gas industry forecast to double as industry pushes back on calls for tax changes

Economists say gas producers have got off too easy for too long when it comes to tax but the industry itself is fighting to stave off change.

ABC News

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Resource, business sectors support climate action, just not this time. Again

It’s all surprisingly familiar.

Crikey

Users on edge as plunging production sparks warnings of Victorian gas supply crunch

Gas users in Victoria are bracing for a supply crunch that regulators warn could hit as soon as this winter as production from historic fields in the Bass Strait dramatically tapers off.

ABC News

Carbon credits, nuclear energy part of net-zero arsenal

The Minerals Council says carbon credits are essential to manage mining emissions and remain competitive until electrification technology is widely available.

AAP

Gas industry warns code will stoke prices, limit supply

The gas industry has hit back at federal intervention in the wholesale gas market as the worst possible reforms at the worst possible time.

AAP

Gas producers accused of bullying and price gouging, despite federal government intervention to cap prices

Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.

ABC News

The farmers fighting gas projects in NSW are politically savvy, but they face a giant in Santos

The debate over whether land in the Liverpool Plains is used for agriculture or pipelines is uniting generations of families

The Guardian - AU

Energy price relief in spotlight of federal budget

As federal parliament returns for the new year the government faces pressure to deliver further energy price reductions after intervening in the market.

AAP

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AAP

Fines for gas price cap misstep 'unlikely'

Gas producers are unlikely to cop hefty fines for accidentally breaching price cap rules, Australia's consumer watchdog has sought to reassure the industry.

The Guardian - AU

Australian energy users call gas industry ‘a bunch of bullies’ amid claims of supply shortages

Producers argue Albanese government’s price cap intervention has ‘paralysed the market’

The Guardian - AU

Energy users and ex-ACCC boss praise government for staring down ‘bullies of the gas industry’

Industry argues capping gas at $12 a gigajoule risks future investment but experts say price is top end of range forecast before invasion of Ukraine

AAP

Gas boss fears plan will kill investment

Industry chief Samantha McCulloch says the federal government's plan to cap gas prices will "unravel" Australia's open market economy.

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The Guardian - AU

Labor takes aim at gas industry over trying to preserve ‘big profits’ during Ukraine war

In defence of energy price caps, minister Chris Bowen says Australians should pay a fair cost for gas extracted in Australia rather than a ‘wartime price’

ABC News

Energy minister defends federal government's plan to relieve impact of rising power prices

Chris Bowen concedes the federal government's plan to ease household energy prices will not be a silver bullet, but is the biggest lever it has to try to alleviate spiralling costs.

ABC News

Coal and gas price caps and whether they'll lower your energy bills explained

Federal and state leaders thrashed out a plan to shield consumers from the worst of the energy price crisis this week, but what's in the deal and how well will it work?

The Guardian - AU

The Australian’s back-of-the-envelope green hydrogen figures are overblown and forget climate impact

The claim it would take 25% of Australia’s land mass to provide the planet with green hydrogen misses an obvious point

The Guardian - AU

Call for energy ministers to agree to gas price cap at 30% of current market offers

Head of Australian energy users group says current $35 per gigajoule is ‘dire’ and a $10/GJ cap would be ‘pretty fair and reasonable’

The Guardian - AU

Australia will join Biden’s global pledge to cut methane emissions by 30% by 2030, Albanese confirms

Funding of more than $3bn will support agricultural methane reduction, clean tech initiatives and the commercialisation of seaweed feed supplement

ABC News

Gas windfall profits tax could raise upwards of $20 billion, argues Australia Institute

A tax on the windfall profits generated by Australia's gas export industry due to soaring energy prices could raise more than $20 billion in a year, a new report from the Australia Institute argues.

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