Matthew Canavan (Queensland, Liberal National Party, Minister for Resources and Northern Australia) Share this | Hansard source

Increase supply—that's what we must do. It's pretty simple. If we want to bring the price of something down, we need to increase the supply of that in the marketplace. We need to increase supply. That is why we need all states and territories to develop their resources in a sensible way.

In the last decade, there've been 18 separate reviews into unconventional gas. All of those reviews—at least 18, that we know of—have concluded that unconventional gas can be developed with appropriate regulations. So it surprises me that the Victorian government are proposing to put in place a no-fracking ban in their constitution against all the science and against all the reviews. Apparently the Victorian constitution in the future will read something like, 'Equality before the law, habeas corpus, and no fracking.' That's going to be up there. We might have to translate it into Latin just so it can make some sort of sense, because this decision is potentially going to cost thousands of jobs in Victoria. This decision shows that the Labor Party does not support manufacturing and they do not support resources, and it's at a great cost to our country. (Time expired)