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 Carbon-trading scheme to shut mines: coal companies 

Carbon-trading scheme to shut mines: coal companies

05 Nov, 2009 11:29 AM
COAL companies say the Federal Government's carbon-trading scheme will shut mines and cost thousands of jobs in the Hunter.

But at the same time, forecasters BIS Shrapnel say the Hunter coal industry is gearing up for a massive period of investment driven on the back of Newcastle's third coal loader.

Meeting with Hunter council representatives today, Australian Coal Association executive director Ralph Hillman said the carbon tax would cost the industry $14 billion in 10 years and cost 5100 Hunter mining and mining related jobs.

But BIS Shrapnel's Mining in Australia, 2009 – 2024 report says Australian mining investment is tipped to rise by 30 per cent to $60 billion a year by 2013.

“The outlook for mining varies substantially by commodity and region within Australia, with energy and steel-driven commodities such as oil, gas, coal and iron ore having the brightest prospects during the next five years,” says BIS analyst Adrian Hart.

More on the report in tomorrow's Herald.

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Date: Newest first | Oldest first
This carbon trading - only comes by theory, brainwave of the G9 to gather more taxes to rule and dictatorily dominate the world. Will probably end individual nations sovereignty and give one group of people total power. Don't be hoodwincked have a say. Mr Rudd I didn't think you would be so blind or greedy. I don't believe you can sign away the sovereignty of this nation without a full referendum.
Posted by Jimbob, 5/11/2009 11:46:30 AM, on The Herald
This carbon tax has already gone too far. This global warming alarmism is an insidious, nasty tax con! A British judge has now confirmed that global warming alarmism is a new form of religion and the advocates of a "fight against climate change" are mindless religious bigots. Belief in anthropogenic climate change independent of (indeed usually contrary to) available scientific evidence and dependent entirely upon faith certainly meets the criteria for a religion.
Posted by Jim, 5/11/2009 12:11:03 PM, on The Herald
Well they would say that wouldn't they!
Posted by qwerty, 5/11/2009 12:14:16 PM, on The Herald
jimbob you are 100% correct. I think you should have a look at theyoutube video regarding the "Treaty" that Kevin 07 is wanting to sign. Its an extract of a speach given by Lord Christopher Monkton, who was a former adviser to Margaret Thatcher. Its very interesting and very concerning if correct. Type Christopher Mockton into the search tab on the youtube.com and click on the video titled "Is Obama poised to cede US sovereignty" I'm supprised no mainstreem newspaper or media have run with this.
Posted by Nafe, 5/11/2009 12:31:00 PM, on The Herald
Actually click on the tail of the speach, there is a seperate file which has the video called Christopher Mockton - a plea to the American People Hope this link works www.youtube.com/watch?v=Cef-NSqFm AE&feature=youtube_gdata
Posted by Nafe, 5/11/2009 12:34:01 PM, on The Herald
The entire "carbon" thing is ridiculous. Real scientists know that CO2 is "Not" a greenhouse gas and control of its emission levels by man will have absolutely no effect on the Earth's future temperature. Now it's going to cost us big. But wait! It's OK. Our masters have declared that only the strong, the employed and the virtuous will have to pay. Labor voters will be exempted. WE have here the greatest mass delusion ever perpetrated on a trusting electorate. The cost of doing business in NSW has just risen and more factories and businesses will close and move overseas to "carbon exempt" or " CO2 denier" countries. Al Gores dopey comedy "An Inconvenient Distortion" has triumphed over science. The United Nations which watched over mass murder around the world is now trusted to pontificate on mans greatest threat "man made global warming". Mans biggest failing is to be gullible and believe the least worthy leaders
Posted by GeorgeJ, 5/11/2009 12:43:14 PM, on The Herald
I'm still waiting for the 1970's Ice Age to come. Weather forecasters can't get it right day to day. What hope do they have for trying to predict 20 years hence?
Posted by Martin C, 5/11/2009 12:46:06 PM, on The Herald
This is just like the 1960s. Back then scientists discovered the link between smoking and lung cancer. This was followed by a massive propaganda and misinformation campaign by cigarette companies who prevented any real change and caused the deaths of many. Similarly, the coal companies, faced with overwhelming scientific evidence of anthropogenic climate change have done the same thing. The false religion and cult of climate change denialism has infected public discourse. Thank you coal companies for your fatal self-interest. Thank you denialists for sharing your ignorance, stupidity and blind commitment to your false religion.
Posted by One Salient Oversight, 5/11/2009 12:46:18 PM, on The Herald
coal puts a lot of pollutants in the atmosphere no doubt. climate change-funny thing with this science is that it is still somewhat theoretical-but if you keep pumping pollutants into the atmosphere something will happen-wont know till after it has unless it is reduced. but the most alarming thing is what Jimbob is referring to-a tax for carbon is like a tax for breathing. and he who collects the tax will be the new emporer. but fear not, i have a carbon source on the side-tax free!
Posted by newer coal, 5/11/2009 12:57:47 PM, on The Herald
If coal companies etc need to take responsibility for saving the planet from climate change - which is a respected, scientific issue - then the only real way to influence their behaviour is through legislation and taxes. Only a generation ago, we had companies dumping chemicals in rivers etc - until legislation was introduced to stop it. Carbon trading is a smart and responsible move.
Posted by stevo, 5/11/2009 12:58:06 PM, on The Herald
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