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

Senator, 24 out of 28 coal-fired power stations announced they were closing within the decade under the coalition. At that time, eight had already closed, including Hazelwood, because they were too old and at the end of life. The absence of a stable policy framework meant that investors voted with their feet—or, in this case, the money—and didn't invest.