House debates

Tuesday, 31 October 2006

Questions without Notice

Climate Change

2:55 pm

Photo of Peter GarrettPeter Garrett (Kingsford Smith, Australian Labor Party, Shadow Parliamentary Secretary for Reconciliation and the Arts) Share this | | Hansard source

My question is to the Prime Minister. Prime Minister, isn’t it the case that the Australian company Roaring 40s, which is involved in the Chinese renewable energy project, abandoned $550 million of projects in South Australia and Tasmania because the government has not increased the mandatory rewable energy target? In fact, didn’t the company itself say, ‘Further substantial investment in the renewable energy industry is unlikely without an increase in the mandatory renewable energy target’?

Photo of John HowardJohn Howard (Bennelong, Liberal Party, Prime Minister) Share this | | Hansard source

As I am sure the member for Kingsford Smith would know, companies have a variety of reasons for the investment decisions they take, and I am not going to try and superimpose mine or yours on this company’s decisions.