MTA Queensland is deeply disappointed in the recent announcement made by the Australian Labor Party, in a move that could force independent fuel retailers to exit the market. In his recent State of the State address, Queensland Premier Steven Miles announced that, if re-elected in October, he would introduce 12 new state-owned fuel stations across Brisbane and regional areas. These fuel stations, owned by Energy Queensland, would operate on a no-profit, cost-recovery basis. MTA Queensland is stunned at the lack of industry consultation involved in this decision and urges the government to consider the impact on independent fuel retailers who are already operating in a saturated market. While we acknowledge the importance of reducing costs for consumers amidst the current cost-of-living challenges, this is an extremely complex issue, and considerations need to be made to ensure retailers can continue to run their businesses successfully. This a short-term plan that lacks transparency and economic analysis, and MTA Queensland will argue vigorously for the rights of our service station members. Read our full media release here -> https://lnkd.in/gP5Rqmnp
Motor Trades Association of Queensland (MTAQ)’s Post
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We have received complaints about fuel prices from residents of Thames and Waiheke Island and have found these locations are outliers in terms of having higher fuel prices relative to other locations – and we want to know why. Yesterday, as part of our role in monitoring competitive performance under the Fuel Industry Act, we wrote to fuel operators located in Thames and on Waiheke Island asking them to provide us with information to help us understand these prices, including the impact of costs like ferry freight to Waiheke. While we don’t have the power to set limits on prices and high prices alone are not evidence of anticompetitive conduct, in a competitive market, we’d expect to see prices reflect the cost of supplying fuel to the pump.
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Government needs to help even the playing field. They need to provide some financial incentives to logistics companies to put freight on rail where it is appropriate to do so. The West Australian Labor Government did this and freight rates on rail have increased back to sensible levels. Government also needs to tighten the rules around the transportation of dangerous goods and prioritise making our roads safe. We need laws that force transport companies to put dangerous good on rail with stiff penalties when they endanger our communities. Why is this important? The ammonium nitrate explosion in Bororen, Central Queensland in September 2024 wasn’t the first but with your help it can be the last. Let's tell government it's time to make our communities safer. Join the campaign here to show your support. https://lnkd.in/gy4UQHxb
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Building international trade bridges: On the 15th of December 2024 the UK will be joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). But what actually is it? In simple terms, it’s a free trade agreement between 11 countries (with the UK being the 12th and first non-founding member to join) It aims to promote free trade by reducing tariffs, simplifying trade rules, and enhancing economic integration among member nations. From this date, over 99% of the UK’s goods exports to CPTPP member countries will be tariff-free, making trade easier and potentially boosting the UK economy by £2 billion annually by 2040. This also enables new trade relationships, such as the UK's first-ever free trade agreement with Malaysia, which could open up markets and reduce barriers for businesses in both nations. The agreement is also set to increase trade and cultural ties between Australia and the UK, with multiple mutual benefits for UK-Australia trade for example: Broader Trading Opportunities: The UK and Australia already have a bilateral Free Trade Agreement (FTA), but CPTPP membership amplifies opportunities by embedding both countries in a broader network of trading partners. Optimised Supply Chains: Businesses in the UK and Australia gain access to more integrated supply chains within the Asia-Pacific region, enhancing competitiveness. Simplified Global Trading: CPTPP creates a uniform trading framework that reduces complexity for UK and Australian exporters dealing with multiple countries. At SPI, our growing network and connections to Australia and other CPTPP member countries make us the partner you’re looking for to expand your imports or exports worldwide, key members of our team have just returned from a week's travel around Australia consolidating connections and ensuring we can provide the best support possible for your import or export between the UK and Australia straight away. If you’re interested in learning more, visit our website: https://lnkd.in/drzkUkVR #SPI #Australia #CPTPP #NewBuisiness #GlobalPartnerships #UKTrade #AustralianBusiness Or to learn more about CPTPP take a look at the links below: https://lnkd.in/ep6KnTrP https://lnkd.in/e6wHKXPP
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THE ASSASSINATION OF NORTH SEA OIL. AN INDUSTRY TAXED OUT OF EXISTENCE BY THE U.K. GOVERNMENT. LOOK AT THESE TWO TAX SCENARIOS. 1) Tesco (a major U.K. supermarket chain) recently announced its revenues over six months topped £31.5billion. It will pay 25% tax on its UK profits. 2) Over the same period, the North Sea's biggest oil and gas producer made £1.9billion, which is roughly 94% less than Tesco. The North Sea operator pays 75% tax on its UK profits, rising to 78% after the Budget today, because it is making 'windfall profits' in the eyes of government. Does anyone else see the disparity? This is nothing short of a strangulation of an industry and of the Northeast Scottish economy. Aberdeen is being bled dry. The hypocrisy of a government which is willing to import and burn fossil fuels for existential energy generation but unwilling to support its home-grown hydrocarbon industry, to catch the newspapers headline for political point scoring is astounding. Energy policy based on sentiment of the ill-informed is irresponsible and will have serious repercussions on a major industry and the regions which house it. There will however be no significant adverse affects for the policy-makers. The new energy policy is to undertake a controlled demolition of the U.K. #oilandgas industry while not providing satisfactory energy security at home. It will not provide employment. It is quite simply a dereliction of duty. If you are going to rely on hydrocarbons for your energy supply and so much more, have the courage to support a still profitable industry and its communities. #energypragmatist
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The UK’s energy solution has been shamelessly denied/ thwarted in every possible way, demonized & shamed (comparatively) out of existence by weak, ignorant sad excuses of men & women whose blind insistence on the implementation of warped ideologies continue to waste the people’s money on inefficient, failed technology. Real oilmen would have not allowed thus to happen. Do we look to KSA / Emirates/ Putin for direction & example to resurrect the North Ses. Trump got down on EIS recently, I’m taking that as direction. Let’s make DEI mean something of substance, real sustainability, I’m offering: Drilling, Engineering & Investment
CEO | Geothermal Champion & Adviser | Subsurface Communicator & Geological Operations SME | Oil & Gas Veteran | Energy Pragmatist | Creating Efficiency, Reducing Waste | Eco-Warrior | Speaker | Mentor | Guest Lecturer
THE ASSASSINATION OF NORTH SEA OIL. AN INDUSTRY TAXED OUT OF EXISTENCE BY THE U.K. GOVERNMENT. LOOK AT THESE TWO TAX SCENARIOS. 1) Tesco (a major U.K. supermarket chain) recently announced its revenues over six months topped £31.5billion. It will pay 25% tax on its UK profits. 2) Over the same period, the North Sea's biggest oil and gas producer made £1.9billion, which is roughly 94% less than Tesco. The North Sea operator pays 75% tax on its UK profits, rising to 78% after the Budget today, because it is making 'windfall profits' in the eyes of government. Does anyone else see the disparity? This is nothing short of a strangulation of an industry and of the Northeast Scottish economy. Aberdeen is being bled dry. The hypocrisy of a government which is willing to import and burn fossil fuels for existential energy generation but unwilling to support its home-grown hydrocarbon industry, to catch the newspapers headline for political point scoring is astounding. Energy policy based on sentiment of the ill-informed is irresponsible and will have serious repercussions on a major industry and the regions which house it. There will however be no significant adverse affects for the policy-makers. The new energy policy is to undertake a controlled demolition of the U.K. #oilandgas industry while not providing satisfactory energy security at home. It will not provide employment. It is quite simply a dereliction of duty. If you are going to rely on hydrocarbons for your energy supply and so much more, have the courage to support a still profitable industry and its communities. #energypragmatist
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totally agree with this post. 34% of GB electricity is being produced by CCGTs today, it generally goes up to 50% on low wind days. no matter what your views are on renewable energy (by the way I'm very positive on it and a supporter of wind especially) gas is here to stay for the foreseeable future in GB or until a consistent replacement source is established.... therefore the sensible approach should be to promote and use our own gas supply's 1st.....
CEO | Geothermal Champion & Adviser | Subsurface Communicator & Geological Operations SME | Oil & Gas Veteran | Energy Pragmatist | Creating Efficiency, Reducing Waste | Eco-Warrior | Speaker | Mentor | Guest Lecturer
THE ASSASSINATION OF NORTH SEA OIL. AN INDUSTRY TAXED OUT OF EXISTENCE BY THE U.K. GOVERNMENT. LOOK AT THESE TWO TAX SCENARIOS. 1) Tesco (a major U.K. supermarket chain) recently announced its revenues over six months topped £31.5billion. It will pay 25% tax on its UK profits. 2) Over the same period, the North Sea's biggest oil and gas producer made £1.9billion, which is roughly 94% less than Tesco. The North Sea operator pays 75% tax on its UK profits, rising to 78% after the Budget today, because it is making 'windfall profits' in the eyes of government. Does anyone else see the disparity? This is nothing short of a strangulation of an industry and of the Northeast Scottish economy. Aberdeen is being bled dry. The hypocrisy of a government which is willing to import and burn fossil fuels for existential energy generation but unwilling to support its home-grown hydrocarbon industry, to catch the newspapers headline for political point scoring is astounding. Energy policy based on sentiment of the ill-informed is irresponsible and will have serious repercussions on a major industry and the regions which house it. There will however be no significant adverse affects for the policy-makers. The new energy policy is to undertake a controlled demolition of the U.K. #oilandgas industry while not providing satisfactory energy security at home. It will not provide employment. It is quite simply a dereliction of duty. If you are going to rely on hydrocarbons for your energy supply and so much more, have the courage to support a still profitable industry and its communities. #energypragmatist
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The UK transport system is “failing” Brits. The IPPR has found that just 13% of the public trust the national government to make transport decisions in their local area, compared with 37% for local councils. One-fifth of people worry about not being able to afford the transport they need to get around. “Westminster has attempted to divide people into “drivers” and everyone else, but this is not reflective of how people think of themselves,” IPPR Senior Research Fellow and co-author of the report Maya Singer Hobbs told Zag Daily. “Most people who drive will also walk and take the bus or train, or cycle…the transport system as a whole is failing people.” See the IPPR’s six transport priorities for the government as the UK gears up for a general election: https://lnkd.in/effc9ApV
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👇🏻 Read this 👇🏻 Not much more to add... Every sane person recognises the need to aim for a future that is less reliant upon Oil and the derivatives that make up so many items in daily life. However, we are a country mile...no, a 'continent mile' (I know I know!) away from that being a reality. The big E&P companies transitioning into more sustainable Energy providers is the best hope for a more sustainable Energy future, but if they are driven to the wall or forced to exit the UKCS, that future gets further away and harder to achieve.
CEO | Geothermal Champion & Adviser | Subsurface Communicator & Geological Operations SME | Oil & Gas Veteran | Energy Pragmatist | Creating Efficiency, Reducing Waste | Eco-Warrior | Speaker | Mentor | Guest Lecturer
THE ASSASSINATION OF NORTH SEA OIL. AN INDUSTRY TAXED OUT OF EXISTENCE BY THE U.K. GOVERNMENT. LOOK AT THESE TWO TAX SCENARIOS. 1) Tesco (a major U.K. supermarket chain) recently announced its revenues over six months topped £31.5billion. It will pay 25% tax on its UK profits. 2) Over the same period, the North Sea's biggest oil and gas producer made £1.9billion, which is roughly 94% less than Tesco. The North Sea operator pays 75% tax on its UK profits, rising to 78% after the Budget today, because it is making 'windfall profits' in the eyes of government. Does anyone else see the disparity? This is nothing short of a strangulation of an industry and of the Northeast Scottish economy. Aberdeen is being bled dry. The hypocrisy of a government which is willing to import and burn fossil fuels for existential energy generation but unwilling to support its home-grown hydrocarbon industry, to catch the newspapers headline for political point scoring is astounding. Energy policy based on sentiment of the ill-informed is irresponsible and will have serious repercussions on a major industry and the regions which house it. There will however be no significant adverse affects for the policy-makers. The new energy policy is to undertake a controlled demolition of the U.K. #oilandgas industry while not providing satisfactory energy security at home. It will not provide employment. It is quite simply a dereliction of duty. If you are going to rely on hydrocarbons for your energy supply and so much more, have the courage to support a still profitable industry and its communities. #energypragmatist
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A great piece and many may argue figures and inaccuracies but the underlying question exists about political assassination of certain sectors and this is one. The UK supermarkets are the most ignore profiteering sector that somehow is allowed to skim by. They rape British Farmers, they undecut their markets with cheap foreign imports and high transportation emissions, they underpay staff, they force customers to do the staff work to increase profits and no one says anything. The UK energy sector may not be squeaky clean but it has and is being destroyed by politicians and this lot are just the latest even the Tories were at it. Let’s however waste taxpayers funds with flagship nonsense political initiatives that deliver nothing. The people are being led by the nose into energy poverty and no one sees it. Thanks for speaking up we need more of it.
CEO | Geothermal Champion & Adviser | Subsurface Communicator & Geological Operations SME | Oil & Gas Veteran | Energy Pragmatist | Creating Efficiency, Reducing Waste | Eco-Warrior | Speaker | Mentor | Guest Lecturer
THE ASSASSINATION OF NORTH SEA OIL. AN INDUSTRY TAXED OUT OF EXISTENCE BY THE U.K. GOVERNMENT. LOOK AT THESE TWO TAX SCENARIOS. 1) Tesco (a major U.K. supermarket chain) recently announced its revenues over six months topped £31.5billion. It will pay 25% tax on its UK profits. 2) Over the same period, the North Sea's biggest oil and gas producer made £1.9billion, which is roughly 94% less than Tesco. The North Sea operator pays 75% tax on its UK profits, rising to 78% after the Budget today, because it is making 'windfall profits' in the eyes of government. Does anyone else see the disparity? This is nothing short of a strangulation of an industry and of the Northeast Scottish economy. Aberdeen is being bled dry. The hypocrisy of a government which is willing to import and burn fossil fuels for existential energy generation but unwilling to support its home-grown hydrocarbon industry, to catch the newspapers headline for political point scoring is astounding. Energy policy based on sentiment of the ill-informed is irresponsible and will have serious repercussions on a major industry and the regions which house it. There will however be no significant adverse affects for the policy-makers. The new energy policy is to undertake a controlled demolition of the U.K. #oilandgas industry while not providing satisfactory energy security at home. It will not provide employment. It is quite simply a dereliction of duty. If you are going to rely on hydrocarbons for your energy supply and so much more, have the courage to support a still profitable industry and its communities. #energypragmatist
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