Coal Miners Cold On Australia Carbon Tax
From Google News
Australia’s powerful coal industry on Wednesday urged Canberra to “go back to the drawing board” on its proposed carbon tax, warning it would hurt the economy for no environmental benefit.
Prime Minister Julia Gillard has proposed putting a price on emissions of carbon, a key element of gases blamed for global warming, from July 2012, in a scheme that will effectively initially operate like a tax.
Under the proposal, a fixed price would be placed on carbon emissions for the first three to five years before moving to a full cap and trade scheme under which the price would be linked to international carbon markets.