Abbott May Lack Company Support for Killing Aussie Carbon Price
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Australia’s new prime minister can’t count on big polluters to support his plan to stop charging for greenhouse-gas emissions, according to the Carbon Market Institute.
While business groups such as the Minerals Council of Australia have criticized the carbon price as a “dead weight on the economy,” few individual companies have spoken up for Tony Abbott’s plan to scrap what he calls the carbon tax, said Peter Castellas, chief executive officer for the Melbourne-based institute. It surveyed about 200 of the country’s largest emitters before the Sept. 7 election and plans to publish a study later this year on the costs of repealing carbon trading in Australia.