Huge profits for fossil-fuel giants Woodside and Santos stoke calls for windfall tax

Senator David Pocock and Bob Carr among those urging Albanese government to claw back massive mining profits

Soaring profits by Australian-based fossil-fuel exporters have renewed calls for the Albanese government to impose a tax on windfall earnings that have little to do with the companies’ performance.

Independent senator David Pocock, the former Labor foreign minister Bob Carr and energy analyst Tim Buckley are among those pressing the government to match nations like the UK and Indonesia in clawing back some of the super-sized profits.

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(SOURCE) https://www.theguardian.com/australia-news/2022/aug/30/huge-profits-for-fossil-fuel-giants-woodside-and-santos-stoke-calls-for-windfall-tax

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