Mr HOCKEY (North Sydney) (14:19): My question is to the Minister for Resources and Energy. I remind the minister of his recent statement in relation to the carbon tax that there is 'a lot of concern in industry at the moment about the price we have locked in, given where Europe is at'. Government members interjecting— The SPEAKER: Order! Member for North Sydney, there has been too much interjection from my right. The member for North Sydney will recommence his question and the clock will restart. Mr HOCKEY: Thank you, Mr Speaker. My question is to the Minister for Resources and Energy. I remind the minister of his recent statement in relation to the carbon tax that there is 'a lot of concern in industry at the moment about the price we have locked in, given where Europe is at'. Given that Australia's carbon tax will start at more than twice the level of the European carbon tax, will the minister confirm his own opinion that the carbon tax is too high?