How much more revenue would the Australian government have if it taxed gas companies properly?

‘Australia was supposed to have a gas-led recovery. Instead, all that has happened is a boom in gas profits off the back of human suffering.’ Photograph: Joel Carrett/AAP

In February one of the best things ever happened for gas companies: Russia illegally invaded Ukraine. Since then they have been making out like … well, like bandits – profiting off the human misery of that invasion.

No one is disputing this. Once we might have questioned profiteering from a war. Now it is just an unfortunate event for Ukrainians that delivers massive fortunes to gas companies.