Drill now Pay Later

10th October, 2011 – According to ACF’s Director of Strategic Ideas, Charles Berger, these tax breaks are estimated to cost Australian taxpayers $1.6 billion to $2 billion a year by 2018.

“There are better ways of spending $2 billion than in handouts to highly profitable petroleum companies.  At a time when we’re passing a carbon tax to help shift away from polluting industries, it just doesn’t make sense for the Australian taxpayer to be subsidising the industry,” said Mr Berger. Read the article