Published: December 22, 2022
Analysis of financial reports shows all major gas, oil and coal companies have made a record amount of money in 2022 so far
While gas companies are railing against the government’s new legislation to impose price caps on gas prices, an analysis of financial reports shows all major gas, oil and coal companies in Australia have made a record amount of money in 2022 so far.
The package of measures agreed upon by the federal, state and territory governments will cap the price of gas at $12 a gigajoule and black coal at $125 a tonne, as well as provide money to reduce power bills for eligible households and businesses.
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