Thursday, 20 October 2011

Carbon compo alert

Adelaide Advertiser
17 Oct 2011, Page: 57

BUSINESSES buying carbon permits before July 2015 may not be compensated if a Coalition government is elected, deputy Liberal leader Julie Bishop says. Opposition leader Tony Abbott said the Government's emissions trading scheme would be scrapped under a future Coalition government, a promise he said was "signed in blood". Ms Bishop said businesses should be warned against signing into the system. "The credits are nontransferrable, so we cannot see any reason why business would be buying credits before July 2015", she told ABC TV. "You cannot necessarily assume that a carbon credit would be able to attract the property right of just compensation".

Delaying tactics from the "Monkton" party? - BD