Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

Thank you to Senator Pratt. We on this side of the chamber understand that without certainty the market doesn't move. If you want a demonstration of that, you can see the 22 failed policies of those opposite and the way that smashed investment in the generation sector, and businesses know that. I'll refer to recent media this week. There was a headline in the AFR, 'Coalition blocking the "best shot" at net zero success', and it was reported:

Big business has urged the federal opposition to back the government's safeguard mechanism requiring big polluters to bring down emissions, warning a lack of bipartisan support could jeopardise the enormous private investment—