Carbon plan ‘a company killer’
In relation to comments made here by Jonathan Doig, an article from The Australian about Rudd’s fraudulent and stupid carbon trading scheme:
A “real world” analysis of the impact of the Government’s plans - based on 14 companies that opened their books for the Business Council of Australia - revealed that even with the Government’s proposed compensation, three firms would face a carbon cost so high they would close.
The future of a further two of the 14 companies - drawn from hard-hit sectors such as aluminium refining, cement manufacturing, petroleum refining, steel making, sugar milling and zinc and nickel refining - would be extremely bleak.
The companies, with annual revenues ranging from $90 million to more than $3 billion, revealed their confidential financial data to BCA consultants Port Jackson Partners on the basis that their identity would remain secret.
But the research shows that, on average, the companies’ pre-tax earnings would be cut by 22 per cent. The worst affected would suffer a 136 per cent reduction in earnings.
[...]
“Our research tells us the Government’s plans would have significant and unintended consequences for business … we don’t believe the Government intended to design a scheme to achieve the outcome of businesses and jobs moving offshore, but that would be the outcome of the Government’s plans,” BCA president Greg Gailey said.
I think it is exactly what the Rudd government wants, to globalise the remainder of Australian industry, to follow in the footsteps of that grand traitor Whitlam.
“We want to ensure that industry plays its part but that the cost is kept at a level which allows them to stay in Australia, rather than move to a less demanding jurisdiction.”
Which means they will probably relocate to China, which would please Rudd being the sinophile that he is. Make no mistake, this Rudd government is the most dangerous government since Whitlam. So the idea of the council wasting ratepayers money on the climate change fraud is frankly criminal.