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MK Dov Khenin (Hadash) called on Prof. Eitan Sheshinski – who heads a committee to review natural resource taxation policies – to withstand pressure from privatized Israel Chemicals (ICL) to reduce royalty and tax rates. The Sheshinski 2 Committee recommended in May that companies exploiting the country’s natural resources be charged a tax rate on…
Agricultural export is one of the most profitable sectors in the Israeli market, with most of the produce bound for European countries. Much of the agricultural produce exported from Israel is grown within Israeli settlements in the occupied Palestinian territories, while making use of water and other natural resources from occupied Palestinian land. The extensive…
Despite the Israeli neo-liberal governmental disappointment surrounding Woodside Petroleum’s decision to abandon the Leviathan gas field partnership Israeli energy analysts are confident in the developers’ ability to move forward, particularly with regional pipeline options. Following a memorandum of understanding with the Leviathan partners in February, the Australian hydrocarbon firm had been expected to take on…
Imposing a surtax of 42 percent on the excess profits of natural resource exploiters would boost the state’s coffers with NIS 500 million annually, an inter-ministerial committee concluded on Sunday. The Sheshinski 2 Committee, headed by Prof. Eytan Sheshinski, was tasked last year with examining the state’s royalty policies for the exploitation of natural resources…
MK Dov Khenin (Hadash) turned to Prime Minister Binyamin Netanyahu on Sunday, calling upon the government to refrain from approving the forthcoming deal between Woodside Energy and the Leviathan gas reservoir partners. The Australian hydrocarbon firm was expected to sign a $2.71 billion agreement on March 27 to acquire a 25 percent share of the…
The High Court of Justice on Monday upheld the government’s natural gas policy, rejecting a petition to overturn it by a 5- 2 vote. The core of the petition was that deciding on a natural gas policy impacting hundreds of billions of shekels and with massive social impacts needed to be done by the full…
Holding banners featuring a welter of slogans like “Don’t Play With Fire!” and “Carmel Doesn’t Need a Second Disaster,” residents of the Carmel and Emek Hefer region on Tuesday protested the planned construction of natural gas treatment sites in their midst. Bearing signs and beating drums, some 250 demonstrators from the two regions packed the…
In an explanatory note that proposed the discussion, Khenin asked that the committee examine the placement of gas-refining sites at Hagit in the Megiddo region and a second facility in Emek Hefer. He explained that the placement of these facilities could jeopardize the environment and the safety of the area’s residents. Amid local protest over…
Hundreds protested in Tel Aviv against the neo-liberal government’s decision to export 40% of Israel’s natural gas reserves. Protesters blocked Ibn Gavirol Avenue and King George Street and waved signs reading: “Don’t give gas to the tycoons” and “Gas exports = national suicide.” Earlier on Wednesday, Prime Minister Benjamin Netanyahu announced the decision to export…
Hundreds of protesters blocked Tel-Aviv’s Namir Road last Saturday at noon in protest of the State’s plans to export some of Israel’s natural gas. Hundreds of social activists marched to Finance Minister Yair Lapid’s home in northern Tel Aviv and then blocked Namir Road, one of Tel Aviv’s main avenues. The protesters are claiming that…