Green hit for big business
The burden of Labor's climate change plan will be carried by Australia's big business, particularly those operating in the powerful resources sector. The government's Green Paper, released today in Canberra, outlines that the pollutions penalty will apply for businesses that emit more than 25,000 tonnes of carbon each year. Labor has guaranteed that it will apply protection towards domestic industries that are emission-intensive but could be threatened by overseas competition if production prices were to rise.
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