Good question...this... Likewise, while Australia has a trillion dollars of national debt – despite being one of the world’s biggest fossil fuel exporters – the parliament last term passed laws that will actually serve to lower the tax on offshore oil and gas.
Corruption of government and governance at every level is on view. @jimchalmers.bsky.social
Your reminder that tax isn’t the answer to ecocidal industry behaviour. Market tweaks cannot correct an external costs problem which gives an industry a negative NPV. The industry needs to be wound down.