Menu
News

Carbon tax is costing Australia investment and jobs: Palmer

Billionaire mine developer Clive Palmer.
Billionaire mine developer Clive Palmer. john mccutcheon

BILLIONAIRE mine developer Clive Palmer has weighed in against the Federal Government, saying its carbon tax as handicapping Australian business.

Domestic companies will pay $23 per tonne for the next two years, before the price changes to market value in line with the European equivalent.

This week, that European price fell to $3.20 per tonne, almost $20 cheaper per tonne than Australia.

Mr Palmer said the difference meant countries competing for investment were now ahead of Australia.

"This is costing investment, this is costing jobs and this country is going to become redundant if we have this kind of impediment placed upon us," Mr Palmer said in a statement.

Treasurer Wayne Swan said the implications of the price crash would be considered in the lead-up to the Federal Budget.

Topics:  carbon tax clive palmer federal government wayne swan


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Expert raised contamination concerns at Linc site

The court heard from geologist Gary Love, who alerted Linc to potential contamination problems at the Chinchilla site.

He warned the company about groundwater risks

$3 million Powerball win for Dalby man

CASHED IN: Paula Troy and Malene Price said they were thrilled a Dalby man came forward to claim his division one victory.

LAST week's division one Powerball has been claimed by a Dalby man

JACKPOT: Man wins $3m in Powerball

A Dalby man has won $3 million in the latest Powerball jackpot

'Yeah, nah, that’s pretty good. I didn’t have a clue."

Local Partners