Sunday, July 10, 2011

Carbon freeze: new tax leaves coal industry out in the cold?

I couldn't resist a chuckle upon reading in today's Australian that the coal industry "has slammed the Gillard government's carbon tax, arguing the details announced yesterday would see the sector pay $18bn over the next nine years, with minimal assistance compared with other industries".

It's a carbon tax, stupid! I'm no chemist, but even I know that coal is basically pure carbon, which is dug up for the express purpose of being burnt and thereby released into the atmosphere. So it wouldn't be much of a tax if it didn't hit the coal industry harder than others, would it?

Of course there will be aspects of the putative carbon tax that need to be debated and, hopefully, hammered out swiftly. But listening to the bleatings of the fossil fuel lobby on this issue seems akin to asking a serial killer whether he supports the death penalty. I guess serial killers just need a stronger lobby group.

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