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INDUSTRY—OIL SUPPLIES

Senator Milne, pursuant to notice of motion not objected to as a formal motion, moved general business notice of motion no. 173—That the Senate—

 (a) notes that:

  (i) in 2006 the Australian Greens instigated an inquiry by the Standing Committee on Rural and Regional Affairs and Transport into Australia's future oil supply and alternative transport fuels,

  (ii) neither the former Howard Government, the former Rudd Government nor the Gillard Government have implemented the nine recommendations of that inquiry's tripartite report, with only `Recommendation 6' relating to incentives for fuel efficient vehicles even having been considered,


  (iii) following a series of whistleblower leaks, the International Energy Agency in 2010 for the first time publicly acknowledged the real threat of peak oil, and

  (iv) a series of diplomatic cables released by Wikileaks and published in the week beginning 6 February 2011 reveals growing confidence that Saudi Arabian oil reserves have been overstated by as much as 40 per cent and that the world's biggest oil exporter may not be able to supply enough oil to the global market to prevent prices rising dramatically; and

 (b) calls on the Government immediately to develop a national plan to respond to the challenge of peak oil and Australia's dependence on imported foreign oil.

Statement by leave: The Minister for Small Business (Senator Sherry), by leave, made a statement relating to the motion.

Question put.

The Senate divided—

AYES, 5

Senators—

Brown, Bob

Hanson-Young

Ludlam

Milne

Siewert (Teller)

NOES, 23

Senators—

Adams

Birmingham

Brown, C (Teller)

Cameron

Cormann

Farrell

Faulkner

Feeney

Fielding

Fifield

Furner

Marshall

McEwen

Moore

O'Brien

Parry

Polley

Pratt

Sherry

Stephens

Troeth

Williams

Wortley

Question negatived.