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Santos earnings and approvals make a mockery of climate policy
Australia’s most recognised oil and gas company, Santos, has revealed it made a staggering $3 billion profit in 2022, with their underlying profit up 160%, showing its bad behaviour is paying off.
The federal Government yesterday approved an additional 166 gas wells in Queensland which would lock Queenslanders into climate chaos for decades to come.
Last year, it was revealed that Santos covered up an oil spill from the Varanus Island oil rig off WA which killed dolphins. In December, Santos’ approvals to drill for gas in the Tiwi sea country were invalidated by a Federal Court, because they hadn’t consulted the Traditional Owners.
In our own state, Santos produced more carbon emissions than 200,000 Queenslanders but paid less company tax than the average person last year.