Unlimited gas exports over the past decade have increased energy prices for Australians, worsened climate change and raised little money for the public.

Most gas exports pay zero royalties and Australia’s petroleum tax collects less revenue than HECS.

The Albanese government’s response is a ‘gas reservation scheme’.

While the details are currently being negotiated, the proposal in December’s Gas Market Review (GMR) report looks unlikely to fix the gas policy mess.