8legs: National press club, australia

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

IEA chief Fatih Birol warns Australia not to implement sudden gas export taxes, stressing predictability for investors.
Australia is weighing a 25% windfall gas tax and PRRT/corporate tax changes to boost revenue amid high gas profits.
Prime Minister Albanese says Australia will explore practical options to protect the economy from the energy crisis.
Australian Greens and crossbenchers back a 25% gas export levy to fund cost-of-living relief.
Industry groups warn a 25% levy could harm Australia’s economy and energy security.
Treasury and government ministers say tax policy adjustments aim to ensure Australians receive fair returns.
ICentral debate centers on balancing windfall profits, consumer relief, and investment signals.
Government says it will model effects of a 25% tax on gas exports ahead of the May budget.
Energy crisis linked to Iran conflict is driving higher gas prices and policy scrutiny in Australia.
Australian government emphasizes protecting consumers while pursuing revenue options.
Budget timing looms as policy options are tested amid volatile energy markets.

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