Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

These are the people who went out and said that carbon pricing would mean death for the Latrobe Valley—an incredibly irresponsible statement which shows just how far they will go and how desperate they will be to spread fear. Now they are saying that, somehow, because we did not proceed with the Contract for Closure we are wrong as well. We did not proceed with the Contract for Closure because we did not think it represented good value for money. That is why we did not proceed with it. But we do have in place our carbon price and we have our caps. We will meet our targets and we will do that in the least cost way.

See this speech in context