Summary

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The majority voted against a motion introduced by Greens Senator Richard Di Natale, which means it failed.

Motion text

That the Senate—

(a) notes that investors, industry and the Parliament all acknowledge that a future carbon price, in some form, is inevitable, with companies already factoring carbon prices into their investment decisions;

(b) further notes that any decision to indemnify companies from future carbon risk would fundamentally undermine any future policy decisions of this Parliament;

(c) agrees with the comments of the Shadow Minister for Climate and Energy that "investors need to understand very clearly that we do not support that. That would be an extraordinary waste of taxpayers' money";

(d) signals to all potential contractors seeking to be indemnified from future carbon risk that those contracts will not be honoured; and

(e) acknowledges that, given this prior warning, any future rescinding of these contracts would not constitute sovereign risk.

Votes Not passed by a modest majority

Nobody rebelled against their party.

Party Votes
Cory Bernardi SA Australian Conservatives No
Australian Greens (100% turnout) 9 Yes 0 No
Richard Di Natale Victoria Yes
Mehreen Faruqi NSW Yes
Sarah Hanson-Young SA Yes
Nick McKim Tasmania Yes
Janet Rice Victoria Yes
Rachel Siewert WA Yes
Jordon Steele-John WA Yes
Larissa Waters Queensland Yes
Peter Whish-Wilson Tasmania Yes
Australian Labor Party (60% turnout) 0 Yes 15 No
Catryna Bilyk Tasmania No
Anthony Chisholm Queensland No
Jacinta Collins Victoria No
Don Farrell SA No
Alex Gallacher SA No
Kristina Keneally NSW No
Kimberley Kitching Victoria No
Gavin Marshall Victoria No
Jenny McAllister NSW No
Malarndirri McCarthy NT No
Deborah O'Neill NSW No
David Smith ACT No
Glenn Sterle WA No
Anne Urquhart Tasmania No
Murray Watt Queensland No
Carol Brown Tasmania Absent
Doug Cameron NSW Absent
Kim Carr Victoria Absent
Patrick Dodson WA Absent
Chris Ketter Queensland Absent
Claire Moore Queensland Absent
Helen Polley Tasmania Absent
Louise Pratt WA Absent
Lisa Singh Tasmania Absent
Penny Wong SA Absent
Centre Alliance (100% turnout) 2 Yes 0 No
Stirling Griff SA Yes
Rex Patrick SA Yes
Nigel Scullion NT Country Liberal Party No
Derryn Hinch Victoria Derryn Hinch's Justice Party Yes
Sue Lines WA Deputy President No
Tim Storer SA Independent Yes
Lucy Gichuhi SA Independent No
Fraser Anning Queensland Independent Absent
Steve Martin Tasmania Independent Absent
Fraser Anning Queensland Katter's Australian Party No
David Leyonhjelm NSW Liberal Democratic Party No
Liberal National Party (100% turnout) 0 Yes 2 No
Matthew Canavan Queensland No
James McGrath Queensland No
Liberal Party (55% turnout) 0 Yes 12 No
Eric Abetz Tasmania No
Slade Brockman WA No
David Bushby Tasmania No
Richard Colbeck Tasmania No
Jonathon Duniam Tasmania No
Concetta Fierravanti-Wells NSW No
Mitch Fifield Victoria No
Jane Hume Victoria No
Jim Molan NSW No
Linda Reynolds WA No
Anne Ruston SA No
Amanda Stoker Queensland No
Simon Birmingham SA Absent
Michaelia Cash WA Absent
Mathias Cormann WA Absent
David Fawcett SA Absent
Ian Macdonald Queensland Absent
James Paterson Victoria Absent
Marise Payne NSW Absent
Zed Seselja ACT Absent
Arthur Sinodinos NSW Absent
Dean Smith WA Absent
National Party (67% turnout) 0 Yes 2 No
Barry O'Sullivan Queensland No
John Williams NSW No
Bridget McKenzie Victoria Absent
Pauline Hanson's One Nation Party (100% turnout) 0 Yes 2 No
Peter Georgiou WA No
Pauline Hanson Queensland No
Scott Ryan Victoria President No
Brian Burston NSW United Australia Party Absent
Totals (70% turnout) 13 Yes – 40 No