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Win for common sense on condensate: Greens.



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Christine Milne

Australian Senate Australian Greens Senator for Tasmania

media release

Canberra, Thursday, 25 September 2008

Win for common sense on condensate: Greens

The Australian Greens have used their crucial Senate votes to end the taxpayer subsidy to condensate, taking a key step towards investment in a cleaner energy future for Australia.

Australian Greens Senator Christine Milne said "Condensate, a form of oil, currently benefits from a $2.1 billion taxpayer subsidy through its excise exemption. The Greens today voted to end the subsidy and make the polluting industry pay its way.

"If we in Australia want to increase pensions, to support carers, to fund hospitals and schools and to invest in clean, renewable energy, Australian companies making massive profits from polluting will have to pay their fair share.

“The excise exemption for condensate was introduced to assist a fledgling industry that has now become massively profitable.

"When Woodside has recently posted a record $1billion half year profit, how could anyone possibly justify continuing to give them industry assistance? Woodside can afford to pay their way.

"The Greens have long campaigned for the removal of fossil fuel subsidies. Those who make profits out of polluting the atmosphere should pay the full environmental costs, not be given handouts or free permits.

"Now is the time to be providing industry assistance to those innovative, forward-thinking companies developing the technologies that will build the zero carbon economy.

"I look forward to working with the Government to ensure that this is the first of many fossil fuel subsidies to be removed. Ideally, by the time emissions trading becomes a reality, we will have a level playing field instead of a carbon price neutralised by handouts."

Contact: Tim Hollo on 0437 587 562