"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." Richard P. Feynman

Tuesday, June 14, 2011

Carbon Tax to Cost 4000 Jobs in Coal Industry

With the Gillard Government hell-bent on introducing a carbon tax which will make no measurable difference to Global Warming economic modelling has shown how disastrous the tax will be to the industry.

EXPLOSIVE economic modelling warns that the carbon tax could force eight black coalmines to close, costing nearly 3000 jobs in regional NSW and more than 1100 jobs in Queensland in its first three years.
Independent modelling commissioned by the Australian Coal Association warns that the number of early mine closures could reach 18 within nine years and result in Australia forgoing coal sales of $22 billion from existing mines over the next decade.
With the proposed Mining  and  Carbon Taxes  Gillard seems determined to kill the goose laying the golden eggs attacking the very industries which shielded Australia from the GFC and are currently driving our prosperity. Migration of industry to China will be accelerated by the increase of costs associated with this ideological tax.

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