Mr SWAN (Lilley—Deputy Prime Minister and Treasurer) (14:22): I do thank the shadow Treasurer for his question, because it gives me an opportunity to build on the answer that has been given by the resources minister. The facts do not match the critique and they do not match all of the talking down of our economy that we are seeing from the Leader of the Opposition, the shadow Treasurer and the shadow finance minister. They should be ashamed of what they have done—talking down our economy—because, as the resources minister has pointed out very clearly, we have a record pipeline of investment in the resources sector. There is nothing announced by BHP yesterday which indicates anything of the sort that was just raised by the shadow Treasurer. This is what the head of BHP said yesterday: The South Australian Government, the Federal Government and all of the agencies that have worked with us to make this a reality have been absolutely wonderful partners and I can't put that in more strong terms … That was Mr Kloppers yesterday. He went on to say: 'The tax environment for this particular project has not changed at all. The MRRT only covers coal and iron ore, not copper, not gold, not uranium. The tax environment has not changed since we started working on this six or seven years ago.' That is what Mr Kloppers has said. What we have is a record pipeline of investment in resources—an additional $90 billion in the past year alone and, as the resources minister said, $270 billion at the advanced stage. What do we get? We get the continual trashing of our economy by those opposite to hide their embarrassment at the fact that there is a $70 billion crater— Mr HOCKEY: On a point of order, Madam Deputy Speaker: I referred to the CEO of Glencore, the biggest trading company in the world and one of the largest miners, who said: … Australia does have its risk, yes. We saw the carbon tax, we saw the mineral resource tax. I ask him to answer the question. Mr SWAN: I was making this point very clearly: that since we announced both a carbon price and a resource rent tax, investment has gone through the roof. That is the truth of it. The decision that has been taken by BHP on Olympic Dam has been taken for entirely commercial purposes and it has absolutely nothing to do with carbon pricing or the MRRT. But for their own base political purposes there is nothing they will not do to talk down our economy. They do it day in, day out, and they demonstrate how unfit they are to be an alternative government.