If estimates are grossly inaccurate, Australia’s emission reduction targets will not be grounded in a credible assessment of greenhouse gas outputs.
To date, courts have often been reluctant to interfere in what is viewed as an issue best left to policymakers. These recent judgements, and others, suggest things are changing.
Newfoundland and Labrador’s offshore oil and gas industry is the province’s largest contributor to the economy and will be critically important to its future.
The recent Rokan block deal signals a shift to a more nationalist agenda, but Indonesia’s government is still pursuing other more outward-looking economic policies.
New modelling shows governments need to ensure that corporations benefiting from the use of Australia’s resources, are contributing the same as they do in other jurisdictions.
Australia is missing out on revenue from some gas projects because the petroleum resource rent tax doesn’t apply.
A court decision slugging Chevron Australia with a tax bill also reveals the use of an accounting measure that obscures tax paid in Australia.
Europe was supposed to be big business for fracking companies, but so far not so good. So what’s going wrong?