All changes made to the description and title of this
division.
View division
|
Edit description
| Change |
Division |
|
senate vote 2018-11-14#4
Edited by
mackay staff
on
2018-11-23 14:52:29
|
Title
Motions — Climate Change- Motions - Climate Change - Possible future carbon price + sovereign risk
Description
test- The majority voted against a [motion](https://www.openaustralia.org.au/senate/?id=2018-11-14.141.1) introduced by Greens Senator [Richard Di Natale](https://theyvoteforyou.org.au/people/senate/victoria/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.*
|
|
senate vote 2018-11-14#4
Edited by
mackay staff
on
2018-11-23 14:33:12
|
Title
Description
<p class="speaker">Richard Di Natale</p><p>I move:</p><p class="italic">That the Senate—</p>- test
<p class="italic">(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;</p><p class="italic">(b) further notes that any decision to indemnify companies from future carbon risk would fundamentally undermine any future policy decisions of this Parliament;</p><p class="italic">(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";</p><p class="italic">(d) signals to all potential contractors seeking to be indemnified from future carbon risk that those contracts will not be honoured; and</p><p class="italic">(e) acknowledges that, given this prior warning, any future rescinding of these contracts would not constitute sovereign risk.</p> <p class="speaker">Scott Ryan</p><p>The question is that motion No. 1188 be agreed to.</p>
|