Australia & Carbon Tax
Interesting progress on carbon tax, in Australia. Jul 07, 2011: Australia halves carbon tax list to 500 companies Gillard told Parliament on Thursday that 500 companies that are among Australia’s worst carbon polluters would pay the tax starting July next year. http://asiancorrespondent.com/59472/australia-halves-carbon-tax-list-to-500-companies/ Jul 10, 2011: Australia set to unveil carbon price "From July 1 next year, the freedom to pollute our skies will cease. Two decades of denial and delay will come to an end. Polluters will have to pay." Reports have suggested that carbon dioxide emissions will initially be taxed at A$23 (US$24.70) per tonne, on a par with the European Union's emissions trading scheme. Major mining companies such as BHP Billiton, Rio Tinto and Xstrata are expected to be hit by the tax, liable for a combined A$380 million under a conservative price of A$20 a tonne, according to modelling by the Australian Financial Review. http://www.cha...