News Corp chairman Rupert Murdoch has dubbed Prime Minister Tony Abbott an admirable, honest and principled man, and said Australians should not be building windmills and "all that rubbish".
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In an interview on Sky News on Sunday, Mr Murdoch spoke candidly about climate change, Australia's political environment and its relationship with China.
He said climate change should be treated with "much scepticism".
If the temperature rises 3 degrees in 100 years, "at the very most one of those [degrees] would be man-made," he said.
"If the sea level rises six inches, that's a big deal in the world, the Maldives might disappear or something, but OK, we can't mitigate that, we can't stop it, we have to stop building vast houses on seashores.
"We can be the low-cost energy country in the world. We shouldn't be building windmills and all that rubbish," he said.
"The world has been changing for thousands and thousands of years. It's just a lot more complicated because we are so much more advanced."
On Mr Abbott, Mr Murdoch said he had met him "three, four times, and the impression is that he is an admirable, honest, principled man and somebody that we really need as Prime Minister who we can all look up to and admire.
"However, how much does he understand free markets and what should be happening? I don’t know. Only time will tell. It's too early to make a judgment on this government."
Mr Murdoch then praised Australia for its entrepreneurial attitude, encouraging the country to work with its Asian neighbours, particularly China.
"We have to come to terms with the Chinese and live with them," he said.
"I don't believe they are aggressive. I don't believe they want to take us over."
His sentiments came as Opposition Leader Bill Shorten also reiterated how important Australia's engagement with the "Asian Century" was.
"We are close to Asia. We should be deepening our cultural, economic ties with all of Asia, and I think that is a challenge for all political parties," Mr Shorten told the ABC on Sunday.