I move:

That the Senate calls on the Federal Government to approve urgently needed nation-building projects that will lower the costs of energy generation and deliver water security to the people of Australia.

I seek leave to make a short statement.

Leave is granted for one minute.

The Liberal-National government has established the $1.3 billion National Water Infrastructure Development Fund and the $2 billion Water Infrastructure Loan Facility as major parts of our commitment to build the water infrastructure of the 21st century. The fund is accelerating the detailed planning and construction of water infrastructure projects that will deliver new and affordable water, deliver enhanced water security and underpin regional economic growth, including irrigated agriculture and industry.

I seek leave to make a short statement.

Leave is granted for one minute.

Governance today as I see it is essentially about three things. First, it is about the cost of living and the economic efficiency of today's resources—that is, using today's production capacity. Second, it is about security—protecting today's productive capacity. Third, it is about ensuring future productive capacity. I look at what Liberal and Labor governments have done in the last 70 years and I see that we've destroyed our productive capacity, because we now have energy policy that's driven by the UN. We've gone from the lowest price of electricity to the highest and we're now giving handouts to foreigners. We're stealing farmers' property rights so as to comply with the UN's Kyoto protocol and we have water prices that are exorbitantly high and are punishing farmers and other users, due to UN policy. We need to restore our productive capacity, because this is the productive capacity that will provide the production and the opportunities for the future. We've got to stop stealing the opportunities from our people and actually start building the productive capacity.

Question agreed to.