House debates

Monday, 25 March 2024

Bills

Offshore Petroleum and Greenhouse Gas Storage Legislation Amendment (Safety and Other Measures) Bill 2024; Consideration in Detail

6:46 pm

Photo of Madeleine KingMadeleine King (Brand, Australian Labor Party, Minister for Northern Australia) Share this | Hansard source

Anyway, let's not go down that path. The point is that right now we have an industry that does support the lives of tens of thousands of workers, does support our transition and does support how we process critical minerals and rare earths into the future, both for our own technology capabilities and for those of our friends and our partners.

Our resources exports, particularly our energy exports, are very important to our international standing. Australia provides energy for a significant share of the power needed by the world's fourth biggest economy, as well as the Republic of Korea, Singapore and also China. It helps provide stability in the region, and it will help those countries and others on their transition to net zero by 2050, which, as everyone in this chamber knows, is a clear objective of this government.

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