Bill Shorten (Maribyrnong, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

They have said that all these industries are doomed and ruined. What they do not say when they are scaring people is that, under the recently modelled CPRS, these industries are going to be shielded from 95 per cent of the carbon price. Anyway all the myths and the negat­ivity are the Stephen King-like bogeymen with which they would scare the Australian people. They have said it is a lie that the rest of the world is acting. For goodness sake, let's not tell the United Kingdom, Denmark, Finland, Ireland, Canada, Switzerland, the Netherlands or Sweden, which are all acting. Let us look at the Europeans and let us look at the ETSs that are going on elsewhere. But then those opposite would also say, 'If we have a carbon price, that's the end of jobs in regional Australia. That's the end of jobs in the energy intensive industries.'

Mr Fletcher interjecting—

With all our economic modelling we rely on facts.

Mr Fletcher interjecting—

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