SYDNEY, Wednesday 18 March 2026 — Greenpeace Australia Pacific has slammed fuel firms and foyer teams together with Australian Vitality Producers (AEP) for exploiting the unlawful warfare on Iran to cost gouge, profiteer and push for brand new fuel initiatives, whereas Australian households pay the worth with hovering payments and rising ‘warflation’.
Greenpeace has challenged deceptive claims by foyer group AEP that fuel firms won’t reap windfall warfare earnings from long run fuel contracts — an assertion that selectively ignores the very fact most Fuel exports are on contracts that routinely see costs transfer with Asian and international benchmarks, not with their actual prices.
Virtually all lengthy‑time period fuel export offers the ACCC examined final yr are tied to worldwide value indices as a substitute of mounted costs, and in key Asian markets round two‑thirds or extra of long-term LNG volumes are nonetheless oil‑linked, with many of the relaxation tied to fuel benchmarks. Within the East Coast home market practically half (48%) of the fuel quantity contracted for 2027 can be ‘commodity‑linked’, which means it should rise and fall with those self same Asian benchmark costs that at the moment are spiking due to the warfare on Iran, as a substitute of staying at a steady agreed value.
AEP members not solely embrace fossil gas giants like Woodside, Shell, Santos, and Exxon-Mobil, but additionally main Australian organisations like UNSW, Curtin College, ANZ, PwC, EY, Deloitte and KPMG. Greenpeace Australia Pacific considers these firms complicit in AEP’s lobbying.
Joe Rafalowicz, Head of Local weather and Vitality at Greenpeace Australia Pacific, mentioned: “It’s disturbing to see the fuel foyer exploit the unlawful warfare on Iran to hawk its propaganda and to push for extra fuel, when the quickest path to decrease family payments and power safety is to interrupt free from fossil gas chokehold as rapidly as potential.
“The one “deceptive and opportunistic” calls listed below are makes an attempt by AEP to dam latest proposals to tax fuel warfare earnings, which may present a lot wanted reduction for Australian households bearing the brunt of warflation, and fund the rollout of unpolluted, safe and steady wind and photo voltaic power.
“Huge Fuel sees battle as a enterprise alternative — cynically utilizing the unlawful warfare on Iran to push for fuel extraction, after we have already got greater than sufficient fuel to transition to renewable power.
“Our reliance on fossil fuels leaves us overexposed to the whims of tyrants like Trump, fuel firms and lobbyists, searching for to revenue whereas on a regular basis folks pay the worth.
“The quickest path in the direction of long run power safety and a protected local weather is to unhook from risky, costly, polluting fuel and speed up the shift to homegrown wind and photo voltaic power.”
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Pictures obtainable for obtain through the Greenpeace Media Library
Media contact:
Lucy Keller on 0491 135 308 or [email protected]
