Energy

The majority voted against an amendment to a motion introduced by West Australian Senator Louise Pratt (Labor), which means it failed. The amendment was introduced by Queensland Senator Larissa Waters (Greens).

Motion text

(1) After paragraph (a)(i), add:

(ia) Government is giving this gas away with no royalties and missing out on $90 billion in revenue with gas companies sitting on $324 billion in PRRT credits before they have to pay a cent in tax and that neither the government or opposition want to change this cosy set up or threaten future political donations,

(2) Omit subparagraph (a)(iii), substitute:

(iii) Australia has become the world's largest gas exporter, thanks to environmental approvals issued by Labor governments, while our own businesses face difficulties in securing affordable gas supplies;

(3) After subparagraph (a)(vi), insert:

(vii) gas exports increases pressure on domestic gas extraction, placing farmers' land and water under sustained threat from fracking for unconventional gas, and

(viii) new gas production will increase global emissions 25% more than new coal projects and the industry threatens our ability to stay below 1.5 degrees of warming,

(4) Omit paragraph (b), substitute:

(b) calls on the Government to take real action to reduce the cost of energy in Australia by:

(i) bringing big gas and fossil fuel companies to heel, supporting the transition to renewable energy and ensuring Australian users have access to affordable, clean, renewable energy;

(ii) guaranteeing a reduction in gas energy prices for Australian businesses by subsidising renewable energy developments to levels that can sustain competitive Australian manufacturing, as well as ensuring ample gas clean energy supply for Australian users; and

(iii) delivering a national energy policy that will end investment uncertainty and deliver a modern energy system including cheaper, reliable and clean power.

Original motion text

(a) notes that:

(i) since 2013, gas prices for manufacturers have skyrocketed, increasing by up to four times their levels in 2013,

(ii) according to the Australian Competition and Consumer Commission, spiralling gas prices have resulted in three manufacturers closing down and threaten the viability of many more businesses,

(iii) Australia has become the world’s largest gas exporter while our own businesses face difficulties in securing affordable gas supplies,

(iv) the Federal Government continues to refuse to bring big gas companies to heel by pulling the trigger on gas export controls,

(v) under Prime Minister Morrison, power prices have continued to skyrocket, with wholesale power price futures contracts up by 33% since former Prime Minister, Mr Malcolm Turnbull was forced out of The Lodge, and

(vi) Prime Minister Morrison’s election promise to reduce wholesale power prices to $70/mwh by 2021 would only bring prices back to the levels seen under his predecessor, Mr Turnbull; and

(b) calls on the Federal Government to take real action to reduce the cost of energy in Australia by:

(i) bringing big gas companies to heel by finally pulling the trigger on gas export controls and ensuring Australian users have access to affordable Australian gas,

(ii) guaranteeing a reduction in gas prices for Australian businesses to levels that can sustain competitive Australian manufacturing, as well as ensuring ample gas supply for Australian users, and

(iii) delivering a national energy policy that will end investment uncertainty and deliver a modern energy system including cheaper, reliable and clean power.