fat bottom lines
April 29th 2008 04:31
The design of the Emissions trading scheme in Australia is going to be one of the most heavily lobbied issues in the history of this country, and I don't think I am exaggerating.There is a lot at stake.
Today we see the beginnings of what is going to be a never ending barrage of complaints from lobby groups. What is at stake? Well if you believe the front page of the Financial Review this morning companies will have to spend about $7billion upgrading systems to comply with reporting requirements. i can't prove whether or not this figure is right or wrong, what I can do is point out the agenda these companies have; they want the government to issue emissions permits to them for free, estimates are that permits could be worth up to about $10billion a year, free permits would give all the regulated companies a MASSIVE windfall, which arguably will not be passed on to the consumer who will definitely be paying a higher price for their energy.
I wonder how much money they are all going to waste on lobbyists? I am pretty sure from what I know an upgrade to their existing computer software would be cheaper!!! Considering measuring emissions is a function of energy use, it really isn't that hard, yes if you have supply chain concerns it gets a bit messier but it is not that big a deal in the scheme of running a multi-billion dollar coprporation. (I have calculated a lot of carbon footprints so I do know a bit)
I will try and make this the last thing I say on this issue, here is a link to the type of story you will see more and more of in the press over the next few years. Make no mistake people all that is at stake here is these companies enhancing their already fat bottom lines.
CLICK HERE FOR FULL TEXT and check out the front page of the Financial Review and make a mental not to put these people right up there with Tobacco lobbyists in the credibility race.
Today we see the beginnings of what is going to be a never ending barrage of complaints from lobby groups. What is at stake? Well if you believe the front page of the Financial Review this morning companies will have to spend about $7billion upgrading systems to comply with reporting requirements. i can't prove whether or not this figure is right or wrong, what I can do is point out the agenda these companies have; they want the government to issue emissions permits to them for free, estimates are that permits could be worth up to about $10billion a year, free permits would give all the regulated companies a MASSIVE windfall, which arguably will not be passed on to the consumer who will definitely be paying a higher price for their energy.
I wonder how much money they are all going to waste on lobbyists? I am pretty sure from what I know an upgrade to their existing computer software would be cheaper!!! Considering measuring emissions is a function of energy use, it really isn't that hard, yes if you have supply chain concerns it gets a bit messier but it is not that big a deal in the scheme of running a multi-billion dollar coprporation. (I have calculated a lot of carbon footprints so I do know a bit)
I will try and make this the last thing I say on this issue, here is a link to the type of story you will see more and more of in the press over the next few years. Make no mistake people all that is at stake here is these companies enhancing their already fat bottom lines.
CLICK HERE FOR FULL TEXT and check out the front page of the Financial Review and make a mental not to put these people right up there with Tobacco lobbyists in the credibility race.
Lobby Group Concerned Carbon Trading To Hit Australian LNG
April 28, 2008: 08:11 PM EST
MELBOURNE -(Dow Jones)- Australia's biggest oil and gas lobby group Tuesday voiced fears that Australia's planned carbon trading scheme could hurt liquefied natural gas, or LNG, exports, adding to concerns stated by producers Woodside Petroleum Ltd. (WPL.AU) and Chevron Corp. (CVX).
"While ever Australian emissions-intensive industries are exposed to competition from countries that do not have Kyoto emissions reduction obligations, it is incumbent upon an Australian emissions trading scheme to incorporate a design feature that prevents the undermining of the viability of those industries," Belinda Robinson, Chief Executive of the Australian Petroleum & Exploration Association, or APPEA, said in a statement.
April 28, 2008: 08:11 PM EST
MELBOURNE -(Dow Jones)- Australia's biggest oil and gas lobby group Tuesday voiced fears that Australia's planned carbon trading scheme could hurt liquefied natural gas, or LNG, exports, adding to concerns stated by producers Woodside Petroleum Ltd. (WPL.AU) and Chevron Corp. (CVX).
"While ever Australian emissions-intensive industries are exposed to competition from countries that do not have Kyoto emissions reduction obligations, it is incumbent upon an Australian emissions trading scheme to incorporate a design feature that prevents the undermining of the viability of those industries," Belinda Robinson, Chief Executive of the Australian Petroleum & Exploration Association, or APPEA, said in a statement.
photo courtesy of www.morguefile.com thanks
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Comment by RubySoho
Music Zone
Thought Zone
Shock horror, billion dollar companies putting profit before...everything.
Comment by Louie
Climate Red
randomthoughts
Phil's Wellness Tips
yes what a shock, but i just had to make sure people don't swallow their BS, it could lose the next election if these lobbyists get traction as Labor will fail to delver on a major election promise.....not that I am political or anything. It just pissed me off seeing it on the front page of the Fin Review this morning.