Skip to comments.Australia to tax nation's worst polluters
Posted on 07/16/2011 10:53:11 AM PDT by America_Right
SYDNEY (AP) -- Australia will force its 500 worst polluters to pay 23 Australian dollars ($25) for every ton of carbon dioxide they emit, with the government promising to compensate households hit with higher power bills under a plan to reduce greenhouse gas emissions unveiled Sunday.
Prime Minister Julia Gillard sought to reassure wary Australians that the deeply unpopular carbon tax will only cause a minority of households to pay more and insisted it is critical to helping the country lower its massive carbon emissions. Australia is one of the world's worst greenhouse gas polluters, due to its heavy reliance on coal for electricity.
(Excerpt) Read more at finance.yahoo.com ...
Ping the global warming list.
Doesn't say anything about compensating businesses hit with higher power bills, does it. That's where the real damage will be done. Energy-intensive manufacturers (think aluminum, for example) will be devastated.
They will reduce operations or shut down. The knock-on effect to suppliers and their employees will follow.
there won’t be a free market economy left in developed countries if this continues.
china will have more “free” markets than the anglo-saxon creators of the free market.
People exhale carbon Dioxide.
Plants need Carbon Dioxide to live.
Vegetarians UNITE! Stop this FASCIST assault on our food!
Maybe this will work.
Scientists aren't saying that at all.
Only charlatans, grant whores, Marxists, statists, enviro-nuts, and useful idiots.