Sam Hawley

So everyone's got a bit riled up at this point.

But look, let's put it into some more context as well, Claire, because the oil and gas companies, they do pay other taxes as well, right, and state royalties.

Clare, the Australia Institute, that's a progressive think tank, it's one of the leading advocates for a new gas tax, a 25% gas tax.

Now, its head, Richard Dennis, points out that Qatar...

that exports a similar amount of gas as us collects five times the amount of government revenue from its exports.

And he notes that the Japanese government is actually collecting more tax from Australian gas than we are, which is like what on earth is going on?

Just tell me, how much money would we make from this 25% tax on these gas giants?

So Claire, the other thing that advocates point to for this tax is Norway, as they have a similar sort of tax in place that is making the government masses of money, isn't it?

There are, of course, as we mentioned, people here who think, really, this is a very risky idea to bring in a tax like this.

Now, the gas companies, of course, are among them.

Now, they've also appeared before this Greens-led Senate inquiry.

Shell Australia Chair Cecile Wake says it would be a very ill-advised move.

So what are they actually arguing?

All right.

Well, the opposition leader, Angus Taylor, he doesn't think this is a very good idea to bring in this sort of tax.

And really neither does the prime minister, right, Anthony Albanese?

So, Clare, let's consider then more deeply the politics of all of this.

In Western Australia, Woodside has warned it would kill off a $30 billion project in that state.

Now, that's got the Premier, Roger Cook, rather worried.

He doesn't like the sound of that.