Senate debates
Thursday, 26 November 2009
Carbon Pollution Reduction Scheme Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]; Australian Climate Change Regulatory Authority Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Customs) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Excise) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — General) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) (Consequential Amendments) Bill 2009 [No. 2]; Excise Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Customs Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 [No. 2]
In Committee
4:53 pm
Barnaby Joyce (Queensland, National Party) Share this | Hansard source
Minister, this is not about businesses; this is about you going to Copenhagen and putting on the table money to be appropriated towards developing countries, which would include China. We currently have in excess—I imagine; I will have to find out—of $115 billion of debt. The states have in excess of $170 billion in debt. The major financier of that debt is the People’s Republic of China. So, quite evidently, we will be borrowing further money, and putting ourselves further into debt, to take the money across to Australia, pay for the administration charges, and then send it back to China. Then we will have to repay the debt for the stimulation of the Chinese economy from the Australian economy back to China, for the money we borrowed from China to pay to China to develop Chinese industry.
Bernie Glynn
Posted on 1 Dec 2009 1:31 pm
How does a New South Welshman vote for Barnaby Joyce. Man this guy is so good at cutting through the snowballs of Ms. Wong. Well done.
BTW, what kid of carbon footprint does 100 delegates flying to Copenhagen add to our debt to China?