House debates
Monday, 25 March 2024
Bills
Offshore Petroleum and Greenhouse Gas Storage Legislation Amendment (Safety and Other Measures) Bill 2024; Second Reading
12:25 pm
Gavin Pearce (Braddon, Liberal Party, Shadow Assistant Minister for Health, Aged Care and Indigenous Health Services) Share this | Hansard source
I take the point, Deputy Speaker. Despite all the posturing that Labor does about supporting the resources sector and understanding the need for gas in our energy mix, they still cannot bring themselves to deliver the proper reform. Instead, as usual, they bow to the Greens and to the radical Labor Environmental Action Network. It's disappointing to see the resources minister's authority being stripped by the environment minister. But it does not come as any surprise to the coalition, because we all know that it is ideology that drives this government, not good policy. To continue to attack this sector, which is still under immense pressure thanks to Labor's policies, is simply layering bad policy on top of more bad policy.
There are elements of this bill that are important, and it is important that we discuss those. It's important to note that the workplace health and safety reforms contained within this bill are based on a review that the coalition conducted during our term of government. In fact, many of the measures are already in place, with the oil and gas industry holding themselves to very high standards when it comes to matters of health and safety in the workplace. Ultimately, Australians who are employed in the resources sector are fortunate enough to operate in one of the best environments in the world. They earn great wages. They operate in safe and secure conditions, and they support those vital projects which provide such tremendous contributions to our domestic energy security and to the energy security of our partners. The coalition remain ardent supporters of those workers in our resources sector. We support the necessary reforms to workplace health and safety measures that ensure all Australians can go to work and can return home safely. That's why we initiated this review.
The bill before the House today also enables the government to deliver urgent reforms for offshore regulations. Although, unfortunately, it must be pointed out that the Albanese Labor government has put Australia's natural gas market under extreme pressure, with heavy-handed interventions and policies that are harming investment, not increasing supply. Over the past 18 months, at every single opportunity, the coalition has repeatedly warned the government of long-term impacts that their policies will have on this vital sector. We have called on the Labor government to cease and desist with their constant interventions and to instead proactively engage with the industry to urgently address the looming natural gas shortfalls. And today we repeat this message loud and clear.
The coalition notes that a significant component of this bill strengthens the potential for the Minister for Resources to genuinely and constructively engage with industry and to ensure that these sorts of projects are able to progress without delay. Despite Labor watering down their own reforms by letting the environment minister empire-build and seize control of the resources minister's decision, it is still vital that urgent reforms to these regulations and processes exist. These are reforms that the coalition have been demanding for more than 18 months.
The coalition will not block this bill. Despite the government trying to undermine the bipartisan work that has occurred within the second amendments. We acknowledge that modelling released late last year confirmed that more natural gas is needed, with the demand for Australian gas rising by up to 30 per cent from current levels by 2050. And so, faced with looming shortfalls on the east coast and Western Australia, it is now critical that new gas developments are supported and brought online. Otherwise, we run the risk of blackout and shortfalls dramatically increasing as time goes on.
In terms of the immense contributions of royalties and taxes from our gas sector and the taxes that they provide to state and federal budgets, in 2022 and 2023 this amounted to a staggering $16 billion. These taxation receipts could fund the construction of around 11 new public hospitals or 160 new schools or cover annual public health care to the tune of 1.67 million Australians.
However, despite all that wealth, despite all the revenue and despite all the investment that the gas industry gives to our nation, we continue to witness the shameful spectacle of the ideological crusaders and extreme activists who are hellbent on waging war against this great sector.
When it comes to legislation such as this, it's absolutely paramount that the government does everything it can, everything in its power, to ensure that proper reforms are made to support the Australian gas industry, for both the continued strength of the sector and the continued protection of workers, their rights and their safety. Every Australian worker should be able to come home safe at the end of a day's work. This bill strengthens health and safety standards for this industry. Our offshore workers play an important role for both our domestic energy supply and supporting our international community.
As I mentioned in my opening remarks, not only does our gas industry power Australian homes and businesses, but it's also crucial to keeping the lights on for our strategic partners—countries like South Korea and Japan, who already rely on Australian gas in order to power their populations—and it is essential that we continue to provide a stable and secure gas supply to these countries.
It's as simple as this: if Australia's offshore oil and gas sector continues to face the combination of sustained and relentless attacks from activists, as well as the damaging and misguided government policies, then all of the supply is put at tremendous risk, which in turn puts many international relationships at risk.
To conclude, while the federal coalition will not block this bill from progressing through the House, it's imperative that the government takes the decisive action to implement real and urgent changes to support the gas industry and sector as well as the broader resource sector throughout the country. Right now, the layering of industrial relations policies, the safeguard mechanism, the ongoing attacks from legal activists and general anti-business environment will have a long-term impact on investment prospects going into the future.
We cannot afford to lose the tremendous prosperity that this sector has brought our nation. So, despite Labor's unnecessary yet unsurprising capitulation to the Greens political party, the coalition will support the passage of the bill because we know the importance of delivering certainty and security for our resources sector.
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