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CCS:

TOM CONNELL:Well, there's plenty of them around and more to come. Carbon capture and storage, so $32 million to develop rules and Trade Agreements in the budget. The big project here that's spoken about in Gorgon has sort of struggled to hit KPIs, globally, it's struggled at scale; how big a part do you think it will play, is it a bit of a question mark, do you think?

MINISTER MADELEINE KING:Well, in decarbonising the global economy, there are so many tools that have to come into play, and there is no doubt the challenge is so large, 'cause we're for the most part an industrialised world that has built its prosperity on carbon emissions, and we know where that has placed us, endangering the planet, and we have to take action to bring down those emissions to change the trajectory of our planet. So carbon capture and storage is just one potential tool.

TOM CONNELL:And is that the thing, potential, does that mean you wouldn't throw too many subsidies at it, it's sort of got to stand at its own feet?

MINISTER MADELEINE KING:Yeah, well, we don't want to throw any subsidies at it. We're doing research into it, and ‑‑

TOM CONNELL:You're not looking at subsidies, it would need to stand on its own two feet?

MINISTER MADELEINE KING:And it does, because the industries that need to lower their emissions are also the ones that are capable of, you know, paying for this technology themselves.

TOM CONNELL: Okay.

MINISTER MADELEINE KING: And also have the know how to do it. But on Gorgon, I mean I know it definitely has not met its KPIs, and it has failed in part on the settings set by the State Government of Western Australia, but they have worked that through with the State Government, but it also has sequestered 9 million tonnes of [indistinct].

TOM CONNELL: Yeah, it has, it's just the expectation ‑ or the ‑‑

MINISTER MADELEINE KING: Oh, the expectations were high, and they haven't met them.