Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

whack the Australia economy with a $9 billion Australian handbrake. We will never whack households with a $550 a year charge. We will never put in place policies that will reduce the steel industry by 20 per cent or reduce the aluminium industry by 60 per cent. We will never put in place policies that would reduce our GDP by a cumulative $1 trillion by mid century. We will never put in place policies that would reduce gross national income per person by $4,000. That is what a carbon tax or an emissions trading scheme, beloved by Labor, would do. There are dumb ways to reduce emissions and there are smart ways. We will support Direct Action—the best way to reduce emissions and that the same time helping our economy.

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