
The Queensland Resources Council (QRC) in June that the state鈥檚 exports of coal, gas and minerals rose to a record high of $77 billion in the 12 months to March.
Former Coalition minister, turned corporate lobbyist, Ian Macfarlane, who heads the QRC, claimed that 鈥渆very Queenslander benefits from the sector鈥檚 prosperity鈥.
He said these royalty payments 鈥済o straight into the Queensland budget to pay for doctors, nurses, teachers and other state-funded essential services and infrastructure鈥.
Fast forward to August and the QRC is now complaining about those same royalties, after a modest rise in the June budget. 鈥淭he new tax regime is destabilising the Queensland economy and destroying jobs,鈥 Macfarlane on August 23.
Queensland Greens MP Amy MacMahon believes this is a 鈥渕ock battle鈥 staged by 鈥淟abor and their mates in coal鈥.
鈥淭he mining billionaires are saying the new royalties go too far and will drive them out of the state,鈥 MacMahon said in an . Meanwhile, 鈥淟abor is saying that these new royalties are too modest to have much effect on these companies鈥 bottom lines, but are somehow also a huge boost to state revenue鈥.
Coal exports in Queensland rose from $24.5 billion to $61.4 billion in 12 months. This means that coal and gas corporations are 鈥渕aking massive profits off the back of super high export prices鈥, MacMahon said.
But the state will receive a comparatively small $1.2 billion over four years ($300 million a year) from this rise. And, when prices return to their long term average, 鈥渘ot even this modest increase will continue to apply鈥, MacMahon said.
The same聽is happening with fossil fuel super profits in Western Australia. Socialist Alliance national co-convenor Sam Wainwright told a recent 一品探花 Show that 鈥淲A has just overtaken Qatar as the world鈥檚 biggest exporter of LNG鈥.
The taxpayer collects a 鈥減iddling鈥 $715 million a year in taxes and royalties, he said. By contrast, the state-owned industry in Qatar collects $17 billion.
鈥淣ot only is this industry threatening to destroy the basis of life on this planet,鈥 Wainwright said, 鈥渂ut we鈥檙e just giving companies like Shell, Exxon and Woodside the resource鈥 virtually for free.
In return, these companies 鈥渢hrow a few pennies in the dirt鈥 in the form of sponsorship of sporting or cultural projects and 鈥渨e鈥檙e meant to feel grateful鈥.
The federal Labor government is making much of its new climate target being the 鈥渆nd of the climate wars鈥. However, its ongoing support for new fossil fuel projects tells a different story.
Federal environment minister Tanya Plibersek 聽聽on August 23 to聽the $4.5 billion Perdaman fertiliser plant on the Burrup Peninsula in northern WA, despite the it poses to First Nations鈥 sacred sites.
Although the plant, near Karratha, will not extract fossil fuels, it will be powered by gas. It will be聽co-located with the the Scarborough gas project.
spokespeople Raelene Cooper and Josie Alec accused Plibersek of not doing her homework. Murujuga, the Burrup Peninsula, is home to the largest and oldest collection of rock carvings in the world.
Federal and state Labor parties support fossil projects in Scarborough, Beetaloo in the Northern Territory and the Narrabri in New South Wales. Queensland Labor聽聽the New Acland coal mine expansion in June.
The solution聽for people and the planet is to take the fossil fuel industry out of the hands of parasitic billionaires. The first step is to tax their super-profits for the transition.
We can fast track the phase-out of fossil fuel energy and put聽jobs-rich renewable and carbon-free alternatives in place if the sector is placed under democratic, community control. This modest suggestion is just the beginning of what could be achieved by a bigger and more mobilised climate movement.
If you like 一品探花鈥s vision of a zero carbon, people-centred future, help fund it by becoming a supporter and donating to our Fighting Fund.