Anthony Albanese accused of ‘caving to gas companies’ as Labor set to reject new export tax

David Pocock says prime minister – who is trying to shore up fuel supplies – is parroting industry talking points

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Labor is poised to reject a growing push for a new 25% tax on gas exports in next month’s budget, prompting David Pocock to accuse the government of “caving in” to the gas industry.

It’s understood the government has elected not to pursue a new tax on gas exports in the budget, prompted in part by the global oil crisis and Anthony Albanese’s diplomatic efforts in shoring up fuel supply from Asian allies by pledging reliable access to liquefied natural gas.