What is OpenID?
Enter your Engerati username.
Enter the password that accompanies your username.

Xtrata CEO calls Prime Minister’s Carbon Tax Dumb

Image from SXC
04 Feb 2012
Australia

Mick Davis, CEO of Xtrata, called the Australian carbon tax “stupid.” He claims that this measure will increase the overall CO2 emissions in the region.

Dow Jones, London, reports that Davis believes that Australia’s Prime Minister, Julia Gillard’s, carbon tax of A$23 (US$23.8) per metric ton by 2012 is short-sighted as it would increase global gas emissions.
The tax would reduce the amount of coal processed within Australia. It would however, increase Indonesia’s coal production, to meet the high demand for coal. As Indonesia emits more gas in their mining process, global emissions would ultimately rise.
Read more about Oceania’s energy market.

Sources
Fox Business News

This article was written by: Jenni McCann
 and edited by: Philip Bane
Was this article helpful?

Engerati Community Recommends

Topics of Interest

Engerati popular searches

more

Engerati Tag Cloud

more tags

Engerati Recommends

Clarion Energy Events

African Utility Week
May 21, 2012 - 12:00am - May 24, 2012 - 12:00am
Johannesburg, South Africa
Metering, Billing / CRM Latin America
August 21, 2012 - 12:00am - August 23, 2012 - 12:00am
Sao Paulo, Brazil
Smart Grids Latin America
August 21, 2012 - 12:00am - August 23, 2012 - 12:00am
Sao Paulo, Brazil

Upcoming Events

4th African Gas Week
May 21, 2012 - 12:00am - May 24, 2012 - 12:00am
London, UK
eMeter 2012 Leadership Conference and User Group
May 21, 2012 - 12:00am - May 23, 2012 - 12:00am
California, US
Deloitte Energy Conference 2012
May 21, 2012 - 12:00am - May 22, 2012 - 12:00am
Washington DC. US

Research and Media