Australia: Woodside Says Free Permits, Rebates May Offset Carbon Burden
Australia: Woodside Says Free Permits, Rebates May Offset Carbon Burden
Bloomberg: Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, said free emissions permits or rebates on exported products may compensate liquefied natural gas producers for higher costs arising from carbon trading. The use of tax adjustments is another option to help prevent Australian LNG producers from losing sales to rivals in countries such as Indonesia and Qatar where there are no carbon constraints, Perth-based Woodside said in a submission on the design of a …