Business
Oil and gas industry fights Morrison government levy of up to $1bn to decommission rig – The Guardian
Federal budget revealed plans to levy industry to decommission Northern Endeavour in the Timor Sea and remediate associated oilfields
Offshore oil and gas producers are fighting a Morrison government decision to impose a levy on the entire industry to fund a potential $1bn remediation of a floating rig and associated fields in the Timor Sea formerly operated by Woodside Petroleum.
Other options put forward by the industrys peak body, the Australian Petroleum Production & Exploration Association (Appea), include taxpayers footing the bill by using unspent petroleum resource rent tax credits.
In Tuesdays budget, the government said…
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