Greens propose cash grab from oil and gas sector to finance drought mitigation

AUSTRALIAN Greens senator Janet Rice last week proposed a new royalty on all oil and gas projects, which are already paying the petroleum resource rent tax, in an attempt to raise a further A$4.9 billion which would fund the government’s proposed Future Drought Fund.

Greens propose cash grab from oil and gas sector to finance drought mitigation Greens propose cash grab from oil and gas sector to finance drought mitigation Greens propose cash grab from oil and gas sector to finance drought mitigation Greens propose cash grab from oil and gas sector to finance drought mitigation Greens propose cash grab from oil and gas sector to finance drought mitigation

 

The Future Drought Fund was a centrepiece of the Morrison government's election campaign earlier this year and is modelled on the Medical Research Future Fund.

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