NO COMPANY FORCED TO CUT EMISSIONS UNDER DIRECT ACTION

Mark Butler MP.

Shadow Minister for Environment

 Climate Change and Water

Date:  19 October 2015

A report by leading analyst RepuTex has shown that no companies will be forced to cut their emissions under the Abbott-Turnbull Government’s pathetic Direct Action policy.

Regulations released by the Government just last week are so watered down they fail to impose any downwards pressure on pollution.

This report has confirmed that Direct Action will do nothing to cut emissions, making even the most pathetic target the Government sets completely unachievable.

While the rest of the world is acting on climate change, the Abbott-Turnbull Government is taking Australia backwards.

Without a true market mechanism, companies will not modernise and will not reduce their emissions in the most efficient way.

It’s time for Malcolm Turnbull to deliver on his hyperbole and commit to an Emissions Trading Scheme for Australia.

The RepuTex report found none of the 140 companies covered by Direct Action will face any obligation to reduce their emissions.

The Government’s new ‘safeguards’ allow companies to adjust their baseline, exposing Direct Action for the failure it is.

Malcolm Turnbull has clearly sold-out on climate change in order to take the top job.

Unfortunately it will be future generations that pay for Malcolm Turnbull’s blatant self-interest.