Press conference in Sydney

CHRIS BOWEN: Well, many people say you can't recycle renewables. That is not true. It's never been true. And today is a great day with ACCIONA partnering with Australian surfboard manufacturers to show that this is possible. This surfboard is made in New South Wales from a wind blade from Victoria.

So, the vast majority, around 90 per cent of what's in a wind tower can be recycled. They can be shoes, they can be playground equipment, can be surfboards. So, when you see someone saying, what are we going to do with all the waste, we're going to recycle the waste. And I want to congratulate ACCIONA for this initiative. It's a real practical example of what can be done to recycle what goes into renewable energy. I'll just put this aside now.

Just a couple of other matters I'll deal with. Well, new research out from the Clean Energy Council today just confirms yet again the latest piece of evidence that Peter Dutton's plans not only bad for emissions but terrible for bills as well. He says Angus Taylor said as late as last weekend they want to keep coal in our grid for longer. Coal is high emissions, it's unreliable and it's expensive. And keeping coal in the grid for longer and delaying the rollout of renewables, we’d see energy bills go up. $440 just from the cost of keeping coal in the system longer. That's not even the cost of building and maintaining nuclear energy.

So, Peter Dutton's plan crumbles like a Sao in a blender. Every time it's exposed to any scrutiny. It falls apart, it's bad for emissions, bad for bills and Peter Dutton can't explain the basic details of his nuclear plan. He pretends that it's cheaper, he claims that it's modelling, he says it's cheaper, his modelling doesn't even pretend that. He says there's only one Coke can worth of waste per nuclear reactor, when in fact it's 12,500 Coke cans. And I'll tell you what, you can't recycle yellowcake, you can recycle wind blades, you can recycle solar panels, you can't recycle uranium. It's got a huge waste problem because Peter Dutton has no plan to deal with that.

Final matter I'll deal with today is Peter Dutton's latest revelations about his shareholders. Now we know that he bought shares at a particular time during the global financial crisis. Now we know he sold them just a short time later. He said he saw value in the shares. He has very serious questions to answer which he's refused to answer. While the government, the Rudd Government and I was Assistant Treasurer at the time was focused on getting Australia through the global financial crisis, Peter Dutton was focused on his own share trading, not putting Australians first. And here's a challenge for Mr Dutton. Anthony Albanese has banned all his Ministers from owning shares. We're not allowed to own shares while we're ministers because we've got to be focused on the job of managing Australia and managing the Australian economy not be distracted by our own shareholdings. Now, Peter Dutton should do the same. If he's fair dinkum, he's got integrity he'll ban himself and his Ministers from holding shares going forward.

Anthony Albanese has shown this leadership and if Peter Dutton's not weak, he'll show similar leadership and he will ban the holding of shares. Peter Dutton, there's a challenge for you – ban the holding of shares by your ministers going forward. Anthony Albanese has done it. You can do it too.

Any questions? All in, all done. Great. Thanks, guys.