26 Jun 2012

CARBON, A TAX OR NOT A TAX..BUSINESS ISN'T BOTHERED!


Adam Morton
June 26, 2012 Edited by S W T ReadTHE TRUTH AND NOTHING BUT THE TRUTH

BUSINESS leaders overwhelmingly believe carbon pricing will survive and those directly affected have started taking steps to reduce greenhouse gas emissions, according to a survey of senior executives.

The survey of 136 executives commissioned by multinational GE found nearly three-quarters believed the carbon price scheme would remain despite the Coalition's pledge to repeal it if elected.

Half said they thought the scheme starting on Sunday - requiring big emitters to pay a fixed rate per tonne of carbon dioxide for three years, before evolving into emissions trading under which pollution permits can be bought and sold on the market - would eventually be replaced with an improved model.

Of the firms directly liable for the carbon price, it found 85 per cent had a carbon-reduction strategy in place. Across all firms.

About a quarter of those surveyed led energy and resources companies, 15 per cent were in manufacturing, 12 per cent in construction and real estate and 12 per cent in retail.

Companies listed as having prepared for a carbon price include oil and gas multinational Shell, which began planning for emissions trading in 1997 and factors a $40 carbon price into investment decisions.

This is a lot lower than the figure that the government has set the price at, and this is due to lower according to world pricing.

COALITION CARBON POLICY
WHY CAN'T AUSTRALIA BE FIRST




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