Rudd rushes emission trading scheme: Fed Opposition

PETER CAVE: Well, it's still a year away from being debated in Parliament, but the Federal Government is applying pressure now to the Coalition to support its emissions trading scheme. The Prime Minister has issued a challenge to Opposition MPs, asking them if they'll be responsible partners in this country's long-term economic future or simply opportunists. For his view on that, and the threat to Woodside's liquid natural gas projects, the Shadow Treasurer Malcolm Turnbull spoke to our reporter Sabra Lane in Canberra. SABRA LANE: Malcolm Turnbull, Don Voelte, the chief executive of Woodside Petroleum says the proposed carbon emissions trading scheme will jeopardise $60-billion of liquid natural gas projects. Are they valid concerns or is Mr Voelte overstating his case? MALCOLM TURNBULL: They are very valid concerns and they... [read full story]