Tim Ayres (NSW, Australian Labor Party, Minister for Industry and Innovation) Share this | Hansard source

The first thing you must have, of course, is policy certainty. Under the last government, four gigawatts left the system; one gigawatt went in. The truth was what should have happened was tens of gigawatts of new electricity generation should have gone into the system, new transmissions should have gone into the system over that decade, and we are working our way through the legacy of capital flight, which is what happened under the previous government. Investment in onshore wind and offshore wind and solar, gas and storage that should have happened over the last decade and should have supplied more electricity generation for Australian industry didn't happen. We had capital flight, disinvestment, industrial challenges, all because this lot opposite could not bring themselves, over the course of 22 failed energy policy frameworks—I mean, if you get it wrong once— (Time expired)