You’re paying for someone else’s profit. Here’s how we claw it back

AdvertisementBusinessThe economyCarbon pricing Opinion You’re paying for someone else’s profit. Here’s how we claw it back Millie Muroi Economics Writer January 30, 2026 — 11:55amJanuary 30, 2026 — 11:55am Save You have reached your maximum number of saved items. Got it Share A A AWhat if I told you that you’re paying for someone else to make money? AdvertisementThe levy would also crucially help reduce Australia’s annual carbon emissions by about 2.3 times more than under current policies according to the research. The existing Petroleum Resources Rent Tax, introduced in the 1980s, doesn’t work very well, especially for Australia’s liquefied natural gas industry.