Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

In relation to first part, we agree that the meat industry is important. In relation to the second part, we do not agree with your assertion that putting a price on carbon will put these industries and jobs at risk. I refer you to the Treasury modelling which shows that under a carbon price meat product manufacturing is estimated—

Senator Joyce interjecting—

You do not like to hear the truth, do you? Under the Treasury modelling, meat product manufacturing is estimated to grow by 12 per cent to 2020 and 137 per cent to 2050. The problem is that the facts asserted by the opposition in the question consistently fail to match up to reality. They are railing against a bill that has passed. They are railing against modelling which shows that we can grow our incomes, grow jobs, grow the economy and put in place a carbon price.