Rudd takes business on board over emissions scheme

Aug 27th, 2008 | By David Harper | Category: Australia, Lead Stories

The Australian: Controversial elements of the Rudd Government’s emissions trading scheme could be changed after fierce criticism that a “flawed” compensation plan for trade-exposed industries would drive billions of dollars of investment offshore.

Sources said the Government appeared to be “getting the message” after the Business Council of Australia and the Minerals Council of Australia, as well as representatives of the liquefied natural gas, petrol refining, pulp and paper, cement and aluminium industries expressed grave concerns about the compensation model outlined in the emissions trading green paper.

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