The Forum > Article Comments > Let’s turn back time, Albo > Comments
Let’s turn back time, Albo : Comments
By John Mikkelsen, published 15/4/2026From Paris obligations to dwindling refineries, Albanese’s 'no turning back' sounds less like progress and more like managed decline.
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"The fossil fuel industry is heavily subsidised globally, with International Monetary Fund (IMF) estimates reaching $7 trillion in 2022, covering explicit (direct financial) and implicit (undercharging for environmental costs) support. These subsidies, which include tax breaks and fuel tax credits, encourage continued reliance on coal, oil, and gas."
"The Australian fossil fuel industry receives significant subsidies, estimated at $14.5 billion to $16.3 billion annually (2023–2026), through federal and state government measures. The largest component is the federal Fuel Tax Credit Scheme."
"All the extra money in government revenue came from fossil fuel" That is simply not true. The government did receive a windfall from high resource prices, so maybe we should thank China.
"The Howard government (1996–2007) oversaw the expansion of liquefied natural gas (LNG) exports to Japan, setting up long-term contracts that critics argue allowed foreign companies to export Australian gas with little to no royalties or taxes. While not literally giving gas away, these deals have been described as selling it for a "pittance".
Do you support the Proposed 25% tax/levy on LNG exports as a "fair share levy" to address skyrocketing costs for domestic customers while ensuring a higher return on natural resources?