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Should Gas Companies Pay More in Royalties?
Australia is a major exporter of natural gas, yet many Australians face high energy prices. The government charges royalties on gas extraction, meaning companies must pay a percentage of their revenue to extract gas from Australian land and waters. However, some argue that these royalties are too low, allowing large gas corporations to profit while Australians pay higher prices for energy.
Others believe raising royalties could backfire, as gas companies might pass the costs onto consumers, making energy even more expensive.
Arguments For & Against Increasing Royalties
✅ Reasons to Increase Royalties:
Gas companies make huge profits, while many Australians struggle with high energy bills.
More revenue could be used for public services (hospitals, schools, infrastructure).
Countries like Norway charge higher royalties and benefit from national wealth funds.
❌ Reasons Against Increasing Royalties:
Gas companies could pass the extra costs onto consumers, raising energy prices.
Higher royalties might reduce investment in gas production, leading to supply shortages.
Some argue the real problem is government mismanagement of energy policy, not royalties.
VOTE NOW USE THE FORM BELOW AND SHARE YOUR OPINION
VOTE NOW USE THE FORM BELOW AND SHARE YOUR OPINION
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