If there is a silver lining- is that the Govt will DEPEND on this new tax revenue. I hope this mean that new projects will be rubber stamped/supported. If this gives the industry certainty for new o&g projects (Ie robust guarantees that justify development investment of the producers ) …. That can only be a “net positive” for the industry and is shareholders. So yes not ideal, but I think it will be good generally for the future for all stakeholders. What does the Hc think?
Government poised to tap $3b more from fossil fuel super profits, page-12
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