Australia Institute Co-CEO Richard Denniss, Labor Member for Chifley Ed Husic MP and Assistant Secretary of the Maritime Union of Australia Thomas Mayo discuss this issue and how best to address it on a panel from the National Labor Conference Fringe - 23rd July, 2026.
Mon 27 Jul 2026 17.00 AEST
Even though we are one of the world’s largest exporters of gas it is regularly suggested that Australia experiences “shortages” of gas, domestic energy prices are high, and little tax is paid by the multinational companies that export Australian gas.
These myths are frequently used to justify fossil fuel expansion.
Australia Institute Co-CEO Richard Denniss, Labor Member for Chifley Ed Husic MP and Assistant Secretary of the Maritime Union of Australia Thomas Mayo discuss this issue and how best to address it on a panel from the National Labor Conference Fringe – 23rd July, 2026.
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Oil and gas giant Woodside has reported $6 billion in revenue over the past three months, an increase of nearly 30 per cent. It has led some media outlets to label the fossil fuel company as “one of Australia’s biggest winners” from war in the Middle East.
The good news is that headline inflation went down to 3.8%, (from 4% last month) with the trimmed mean (the inflation rate with the most volatile bits removed) unchanged at 3.6%. Both of these were below what the market and the RBA were predicting.
After years of seemingly unstoppable growth, house prices have begun to moderate. For aspiring home buyers, that will come as welcome relief. But it should also prompt journalists to ask whether they have been telling the wrong story about Australia’s housing crisis.
The OECD’s annual employment outlook confirms that not only did profits drive Australia’s inflation in 2022, but that growing profits are also behind the most recent increases in prices that led to the Reserve Bank raising rates.
