Deja vu all over again – carbon taxes = huge costs

Looks like the USA isn’t the only place that onerous regulations are ensuring fewer jobs and higher energy prices. This story describes how the Aussie’s impending carbon tax will cost the Australian coal industry AUS $ 18 billion.

THE planned carbon tax will cost coal mines $18 billion over the next 10 years, the Australian Coal Association says.

Chairman John Pegler is to attend a parliamentary inquiry into Labor’s Clean Energy Future legislation in Melbourne today. […]

“The $18 billion cost impact of the carbon tax will hit many of Australia’s mines making them uncompetitive on international markets,” Mr Pegler said today.

26. September 2011 by Jason Hayes
Categories: Australia, Cap & Trade, carbon, Emissions, Environment, Marketplace Information, Policy, Regulation | Tags: , , , , , | Comments Off on Deja vu all over again – carbon taxes = huge costs