Australia politics live: BHP ‘laughing’ at Labor’s key climate policy, Pocock says; Taylor targets Labor on small business in question time | Australia news

Australia politics live: BHP ‘laughing’ at Labor’s key climate policy, Pocock says; Taylor targets Labor on small business in question time | Australia news


www.theguardian.com

Pocock says BHP is “laughing” at Labor’s climate safeguard mechanism

Graham Readfearn

David Pocock has told the government that leaked documents from BHP show the company is “laughing” at the government’s key climate policy, the safeguard mechanism.

In Senate estimates, the independent ACT senator asked the government if it had reviewed the investigation from Guardian Australia and the ABC’s Four Corners into the mining giant’s apparent walking back on its climate commitments.

Pocock raised one document, where he said BHP had concluded internally that the safeguard mechanism would not affect its iron ore operations in the Pilbara for another 14 years.

Company facilities like mining sites captured in the safeguard mechanism can choose to make direct cuts to emissions at their facilities to meet a baseline of greenhouse gas emissions, or pay for offsets.

Pocock told climate department officials:

double quotation markBHP had [to pay] $8m for emissions [under the safeguard mechanism] last year while getting $379m in fuel tax credits … you have to admit that’s pretty ridiculous … They are spending 2% [of what they receive in diesel tax credits]. That sounds like a joke to most Australians.

The industry minister, Tim Ayres, defended the safeguard scheme, saying it had reduced emissions by 5.5m tonnes in the two years since the government reformed it.

An official told Pocock it did “not make a lot of sense” to compare the company’s payments under the safeguard mechanism with the credits they received under the diesel fuel tax rebate. Pocock responded:

double quotation markWe have a government that’s telling us we are very ambitious and are doing everything we can with all these things in place, then we have leaked documents from BHP who internally they are laughing at the safeguard mechanism and they don’t have to worry about it for 14 years … I am concerned that no one has thought to go ‘hang on, these two things don’t really work together.’

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Key events

Taylor calls for a list of businesses getting a carve out on CGT changes (spoiler alert, he doesn’t get it)

Angus Taylor is back and asks the PM to declare which small businesses will receive a carve out from “Labor’s broken promises and higher taxes?”

“Good question” a bunch of opposition MPs shout from the benches, followed by a chorus of laughs as Anthony Albanese begins his answer with, “we support small business.”

Albanese talks up the budget and the reaction business and industry groups. He gets about a minute in when Taylor tries again to make a point of order on relevance.

The speaker, Milton Dick, says he knows Taylor would like a list of the businesses that are getting a carve out, but he’s not getting it.

Albanese continues:

double quotation markWhat I am talking about is the lower taxes we’re introducing for small business … We do support small business and the opportunity of young people getting a roof over their head, something those opposite don’t support.



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