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Birmingham against a windfall tax for oil and gas companies

Birmingham says he is opposed to a windfall tax for oil and gas companies to help assist with rising energy prices.

We don’t think that simply slugging a tax in relation to companies is going to do anything for the energy prices of Australians. You’ve got to fix supply in the gas market to provide for genuine outcomes there, and those types of taxes will actually only hurt you in the longer term because they will act as an investment disincentive and you have less supply for the future.

The International Energy Agency (IEA) has previously said limiting global heating to 1.5C as set out in the Paris agreement meant there can be no new oil, gas or coal investment beyond 2021.

A windfall tax is not about shoring up gas supplies, but generating revenue which can re-invested in new renewable energy projects and other decarbonisation projects.

I strongly support recognition and have done for many years and, of course, the debate around the voice has come along subsequent to early efforts to try to achieve Indigenous recognition. When it comes to the model for the Voice, I do think Australians deserve to see more detail and have more answers about how it will work, how it will be constituted and how it will make a difference. I understand the very passionate views by those who argue for the voice and I don’t wish to see them disrespected in any way, but I also acknowledge that there are strong Indigenous views of doubt and question about whether the voice will be actually effective in achieving any substantial change on the ground in relation to Indigenous disadvantage.

We are going to be asked to support a constitutional change for a model that is as undefined by the government in relation to that model. It is not unreasonable to want to see the detail of the model.

An economy growing as strongly as possible, keeping unemployment as low as possible – those are the things that our government managed to achieve, with strong economic growth in our last year in office, with unemployment down to 50-year lows, creating the conditions for economic growth to help to drive productive wages growth.

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Read the original article at The Guardian

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