House debates

Thursday, 31 May 2012

Questions without Notice

Carbon Pricing

2:38 pm

Photo of Greg CombetGreg Combet (Charlton, Australian Labor Party, Minister for Climate Change and Energy Efficiency) Share this | Hansard source

including many members of parliament who have a lot of confidence in the future of the industry. In fact, since the carbon price was announced last February, and the start of the opposition leader's people's revolt started, many coalition MPs have actually bought shares in the industry. Now, the member for Wentworth is amongst them, but we would respect that because he knows the campaign run by the opposition leader is complete and utter rubbish, nonsense, false, a fraud and a fabrication. But it does include the members for Brisbane, Flynn, Stirling, Fadden, Bennelong and Kooyong. Not only that, when you have a look at the register, all up about 30 per cent of the members of the coalition are investors in the minerals industry. That is quite a few. We are sure of one thing: it does not show much faith in the member for Warringah's investment advice, does it?

Publicly, their leader talks mining stocks down; privately, they snap up the investments. There might be a little insider trading strategy going on, but it demonstrates hypocrisy. If there were a TV reality show, Australia's Greatest Hypocrites, they would be the winners.

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