China has a trading scheme...

China has a trading scheme
https://www.forbes.com/sites/scottcarpenter/2021/03/02/toothless-at-first-chinas-carbon-market-could-be-fearsome/?sh=6ce4d0532af1


This is interesting as the trading of credits is significant. Even in Northern WA "Chevron, partners to fork out for carbon offsets for Gorgon LNG carbon capture shortfall"
"Gorgon liquefied natural gas (LNG) project in Western Australia have agreed to buy carbon credits likely to cost more than $180 million as a penalty for failing to meet a five-year target for carbon capture and storage (CCS).The costs, which could amount to well over A$250 million ($184 million) based on Reuters calculations, will be shared with its Gorgon LNG partners - Exxon Mobil Corp (XOM.N), Royal Dutch Shell (RDSa.L), and Japan's Osaka Gas (9532.T), Tokyo Gas (9531.T) and JERA (9501.T)(9502.T)."
link

"Carbon Tax Countries

There are currently 27 countries with a carbon tax implemented: Argentina, Canada, Chile, China, Colombia, Denmark, the European Union (27 countries), Japan, Kazakhstan, Korea, Mexico, New Zealand, Norway, Singapore, South Africa, Sweden, the UK, and Ukraine. Other countries that are considering joining them include Brazil, Brunei, Indonesia, Pakistan, Russia, Serbia, Thailand, Turkey, and Vietnam.

Furthermore, there are 64 carbon pricing initiatives currently in force across the globe on various regional, national, and subnational levels, with three more scheduled for implementation, according to The World Bank. Together, these initiatives have been estimated to cover 21.5% of global greenhouse gas emissions in 2021."
Link

Not going to spell out the clear reason this is relating to HZR. I'll leave that for you to enjoy Have a great weekend