WDS 2.72% $27.60 woodside energy group ltd

Windfall tax, page-35

  1. 18 Posts.
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    The Australian govt already takes a share of the profit via Petroleum royalties
    https://www.dmp.wa.gov.au/Petroleum/Royalties-1578.aspx

    Some quarters will say the government collects a miserable amount.

    But gas projects requires huge amounts of capital (billions) and expenditures (and risk).
    Furthermore, the gas producers reserves 15% of output for WA customers (heat up homes, cooking, manufacturing). That is why gas is cheaper in WA (which is great for the locals and businesses)

    https://www.news.com.au/finance/money/costs/call-for-gas-reservation-policy-on-east-coast-of-australia-as-energy-prices-soar/news-story/f9d9ec801a4bd41cec93958ecd6ff4b9

    https://www.wa.gov.au/government/publications/wa-domestic-gas-policy

 
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