Predictable. The Australian government is (at long last) seriously considering a tax on natural gas export. Only at 25% vs Norway's 78%, but hey I'll take anything.

But here comes the IEA suggesting the poor little mining companies won't like it. "Energy investors are like butterflies. When they are scared, they fly away,"

Somehow the companies keep investing in Norway, but Australia implementing a 25% might scare the investors away? Just shut up, IEA.

https://www.theguardian.com/environment/2026/mar/23/albanese-australia-gas-profit-taxes-international-energy-agency-warning #ausPol #energy

‘Energy investors are like butterflies’: IAE warns Albanese against more taxes on gas export profits

Treasury modelling 25% levy on gas exports, changes to the PRRT and corporate tax tweaks but Fatih Birol says sudden changes could disincentivise investment

The Guardian
@Brendanjones We've got the resources in the ground and the workers that know how to extract it...if the investors leave we'll be just fine.
@Brendanjones why not just nationalise it fully? Ask every country in the Middle East about those butterflies? 🦋