10 November, 2022 – New polling research reveals an overwhelming majority of Australians (86%) support a government intervention in the gas industry, either through export controls, a windfall profits tax, or both.
Key Findings:
- An overwhelming majority of Australians (86%) support a government intervention in the gas industry, either through export controls or a windfall profits tax or both. Just 3% disagree with both measures.
- Eight in ten Australians (80%) support imposing export controls on gas exporters if they do not meet local demand, 7% disagree.
- More than seven in ten Australians (71%) agree the Australian government should introduce a windfall profits tax on gas, 12% disagree.
“Our research shows that Australians overwhelmingly support government intervention in the gas industry,” said Matt Grudnoff, senior economist at the Australia Institute.
“There is no gas supply crisis. Australia has a gas greed crisis. The gas industry is making enormous windfall profits, up to $40 billion this year alone, off the back of exporting 80% of Australian gas.
“While the gas industry laughs all the way to the bank, Australian households are paying eye-watering energy bills in the midst of a cost-of-living crisis.”
“A windfall profits tax could restore at least $20 billion in revenue which could be spent on cost-of-living measures for the Australian community.
“The gas industry has gotten away with too much for too long. It is well past time for the government to step in.”
Full Report Here (pdf)
The research is compliant with the Australian Polling Council Quality Mark standards. The long methodology disclosure statement is attached..
