Jun 01, 2025 (The Guardian Australia - ABIX via COMTEX) --
The federal government has come under fire over its decision to extend the Woodside Energy-operated North West Shelf gas project out to 2070. Woodside paid just $175m in petroleum resource rent tax from the NW shelf project in 2022-23, and independent economist Chris Richardson contends that the PRRT has proved entirely unfit for purpose. Alison Reeve from the Grattan Institute says extending the life of the NW Shelf project will not deliver any benefit to Australia's energy transition, as it is basically a big export project, and that the nation needs to get its tax settings right before the next resources boom comes along..
Publication Date: 2 June 2025
WOODSIDE ENERGY GROUP LIMITED - ASX WDS
GRATTAN INSTITUTE
COMTEX_466016619/2229/2025-06-01T22:54:43
By Patrick Commins
Copyright 2025 Roy Morgan Research. All Rights Reserved.
