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Oil and gas industry fights Morrison government levy of up to $1bn to decommission rig

Offshore oil and gas producers are fighting a Morrison government decision to impose a levy on the entire industry to fund a potential $1bn remediation of a floating rig and associated fields in the Timor Sea formerly operated by Woodside Petroleum. Other options put forward by the industry’s peak body, the Australian Petroleum Production & Exploration Association (Appea), include taxpayers footing the bill by using unspent petroleum resource.

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