“Energy investors are like butterflies. When they are scared, they fly away,” he said at the National Press Club.

So, gas producers would just abandon a highly lucrative situation in a safe country with extensive established infrastructure because of a 25% tax, when about a third of global capacity is offline?

What complete, utter bullshit.

#AusPol
theguardian.com/environment/20…

IEA chief warns Australia against sudden gas export taxes as Albanese says ‘stable, predictable’ world gone

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

^{Tom McIlroy (The Guardian)}