Ron Boswell (Queensland, National Party) Share this | Hansard source

Perhaps it is time to reflect on what we have achieved today, because today Australia has put itself in a $105 billion hole—that is what it is going to cost—while reducing Australia's emissions by 53 million tonnes. Do you know what that means? It means that 53 million tonnes will be taken up in 24 hours by China. So we have had a great win for Australia! In 24 hours China's production will cancel out our 53 million tonnes of emission savings. What a great win for Australia! But that is what we have done overall. It has also affected our exports, destroyed our jobs, and all for the sake of nothing.

Senator Wong has been telling us ad infinitum about the modelling. I challenge her to put up the GEM modelling now—the one that has been upgraded by the Treasury. She will not do it. I have continually asked for it. There is no modelling. This is an act of treachery that has no basis, it has no modelling. MacGibbon cannot get the modelling and Ergas cannot get the modelling. The modelling is not available, and I challenge them and I challenge Senator Cameron—

Senator Cameron interjecting—

I will give your union 1,000 bucks if you turn up with that modelling. It will hit the big end of town. They are going to hate the Labor Party with a vengeance. You have stuck a stick down an ants nest and stirred it up, and you are going to cop it left, right and centre. But that is not just the big end of town. I got a letter today from someone from the small end of town, the small business community. You may have got one. It was from the owner of Morgans Seafood restaurant. His bill is going up $8,000 for his restaurant and $18,000 for his cold room where his trawlers come in. That is just one small business. There are millions of them out there. (Time expired)