when I watched Julia Gillard parading around the Gorgon project the other day, the first thing I thought of was that it looked good for the approvals process for LNG plants at Gladstone. The Fed Govt wants to be seen to be backing these big projects. If the Fed Govt wants to spend all the money they have promised, then those funds need to come from somewhere. A tax on profits from LNG exports will fill a few buckets.
ESG Price at posting:
89.0¢ Sentiment: None Disclosure: Held
