Mr SWAN (Lilley—Deputy Prime Minister and Treasurer) (14:50): I really do thank the shadow Treasurer for that question because it just demonstrates how he has changed his spots when it comes to climate change. There was a time in this House when he said he was an avid supporter of climate change and that we needed a price on carbon, and he strongly supported the member for Wentworth in that endeavour. But I remember the day when he really lost the plot. It was when the leadership struggle was on in that party and he sent a message out on Twitter saying, 'Tell me what I believe in.' Mr Hockey interjecting— The SPEAKER: The member for North Sydney will withdraw. Mr Hockey: I withdraw. I also rise on a point of order about relevance. I ask you to bring him back to answer the question. The SPEAKER: The member for North Sydney has raised with me the point of order on direct relevance. The Treasurer should respond directly to the question. Mr SWAN: The sad truth is that the shadow Treasurer stands for nothing and believes in very little. Someone who could change their stance so radically— The SPEAKER: Order! The Treasurer will come to the question. Mr Pyne: Mr Speaker, you made a ruling to the Treasurer to ask him to be relevant to the question and then he instantly ignored your ruling in the next breath. I ask you what action you are going to take. The SPEAKER: As the member for Sturt rose to the dispatch box, he may or may not have heard that I asked the Treasurer to come back to the question. He will respond to the question directly. Mr SWAN: I was asked about the impact of a carbon price on our coal industry, which is so important to the generation of jobs and wealth for our country. The underlying factor is this: the industry understands there needs to be a price on carbon and that is why they are continuing to invest. And for the shadow Treasurer to ask me this question today, when the capital investment, the CAPEX figures, have come out and they are truly strong and very encouraging for the future of our economy, and when we have just today got the report from ABARE talking about how the pipeline of investment in coal and iron ore is growing—it just demonstrates that he has not got a clue what is going on in our economy. The fact is that the industry understands that carbon is going to be priced and they are continuing to invest. We have an unprecedented investment boom in our nation. But of course that is not understood by anybody on the other side of the House, because all they want to do is score cheap political points and run incredibly stupid scare campaigns.