Australia's Gas Export Tax Inquiry: Unpacking the Systemic Drivers of Global Fuel Price Shocks
Original framing: “Bosses of Santos, Woodside, Chevron and Shell asked to give evidence to Greens-led gas tax inquiry” — The Guardian - World
Australia's energy sector has been shaped by the dominance of multinational corporations, including Santos, Woodside, Chevron, and Shell. This has led to a lack of regulation and a prioritization of profit over people, contributing to global fuel price shocks.
The proposed gas tax inquiry highlights the need for a more comprehensive approach to addressing global fuel price shocks.
This requires a focus on the systemic drivers of these shocks, including the dominance of multinational corporations and the lack of regulation. A just and sustainable energy transition must prioritize community needs over corporate profits, incorporate the knowledge of Indigenous cultures, and center the voices of marginalized communities. This can be achieved through the implementation of energy sovereignty and community-led development, regulatory reform and industry accountability, and a just transition and climate justice.