Summary

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The majority voted against a motion introduced by Queensland Senator Larissa Waters (Greens), which means it failed.

Motion text

That the Senate—

(a) notes that:

(i) the ability to secure finance and insurance is a crucial step in the development of large-scale resources projects, providing protection for developers, government and the community,

(ii) Suncorp last week announced that it would no longer invest in, finance or insure new thermal coal mines and power plants, and will not underwrite any existing thermal coal projects after 2025,

(iii) QBE Insurance announced in March that, from 1 July 2019, it would no longer directly invest in or insure new thermal coal projects and would stop underwriting existing operations from 2030,

(iv) all Australian-based insurance companies have now effectively committed to removing coal from their investment portfolios, and

(v) many major multi-national re-insurance providers, including Allianz, AXA, Swiss Re, Munich Re and Zurich, have also restricted investment in, and underwriting of, thermal coal projects; and

(b) calls on the Federal Government to:

(i) pay attention to the financial signals and recognise that thermal coal projects are increasingly unviable, and

(ii) commit to action to progress a rapid and just transition to clean and renewable energy sources for a low-carbon economy.

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 (64% turnout) 0 Yes 16 No
Tim Ayres NSW No
Catryna Bilyk Tasmania No
Kim Carr Victoria No
Anthony Chisholm Queensland No
Raff Ciccone Victoria No
Alex Gallacher SA No
Katy Gallagher ACT No
Nita Green Queensland No
Kimberley Kitching Victoria No
Jenny McAllister NSW No
Louise Pratt WA No
Tony Sheldon NSW No
Marielle Smith SA No
Anne Urquhart Tasmania No
Jess Walsh Victoria No
Murray Watt Queensland No
Carol Brown Tasmania Absent
Patrick Dodson WA Absent
Don Farrell SA Absent
Kristina Keneally NSW Absent
Malarndirri McCarthy NT Absent
Deborah O'Neill NSW Absent
Helen Polley Tasmania Absent
Glenn Sterle WA Absent
Penny Wong SA Absent
Centre Alliance (100% turnout) 2 Yes 0 No
Stirling Griff SA Yes
Rex Patrick SA Yes
Sam McMahon NT Country Liberal Party No
Sue Lines WA Deputy President Absent
Jacqui Lambie Tasmania Jacqui Lambie Network No
Liberal National Party (100% turnout) 0 Yes 2 No
Matthew Canavan Queensland No
James McGrath Queensland No
Liberal Party (71% turnout) 0 Yes 20 No
Eric Abetz Tasmania No
Alex Antic SA No
Wendy Askew Tasmania No
Andrew Bragg NSW No
Slade Brockman WA No
Claire Chandler Tasmania No
Richard Colbeck Tasmania No
Jonathon Duniam Tasmania No
David Fawcett SA No
Concetta Fierravanti-Wells NSW No
Hollie Hughes NSW No
Jane Hume Victoria No
Matt O'Sullivan WA No
James Paterson Victoria No
Gerard Rennick Queensland No
Anne Ruston SA No
Paul Scarr Queensland No
Dean Smith WA No
Amanda Stoker Queensland No
David Van Victoria No
Simon Birmingham SA Absent
Michaelia Cash WA Absent
Mathias Cormann WA Absent
Mitch Fifield Victoria Absent
Marise Payne NSW Absent
Linda Reynolds WA Absent
Zed Seselja ACT Absent
Arthur Sinodinos NSW Absent
National Party (67% turnout) 0 Yes 2 No
Perin Davey NSW No
Susan McDonald Queensland No
Bridget McKenzie Victoria Absent
Pauline Hanson's One Nation Party (100% turnout) 0 Yes 2 No
Pauline Hanson Queensland No
Malcolm Roberts Queensland No
Scott Ryan Victoria President No
Totals (75% turnout) 11 Yes – 46 No