Monday, 18 March 2013

Carbon Tax Cripples Companies

Graph shows CO2 rising as temperature falls.
Graph: Climate4You

The Australian Securities & Investments Commission reports there were 10,632 company collapses for the 12 months to March 1 - averaging 886 a month - with the number of firms being placed in administration more than 12 per cent higher than during the global financial crisis.
While the high Australian dollar is seen as the main factor behind manufacturing closures, experts say the carbon tax is adding to increasing cost burdens for many firms struggling to stay afloat.
Steve Lewis and Phil Jacob of The Sydney Daily Telegraph reports:

Carbon tax hurts, say ailing firms

THE carbon tax is contributing to a record number of firms going to the wall with thousands of employees being laid off and companies forced to close factories that have stood for generations. 
Rising energy bills caused by the Government's climate change scheme have been called the ``straw that broke the camel's back'' by company executives and corporate rescue doctors who are trying to save ailing firms.
New data from the corporate regulator reveals insolvencies have hit a record high over the past 12 months, led by widespread failures in manufacturing and construction, which accounted for almost one-fifth of collapses.
Labor persists with the broken election promise of (There will be no) carbon tax and although the Liberals say they will reverse the  carbon dioxide tax, they still have a policy of which they say:
Our policy will cost $3.2 billion over 4 years, while the ETS costs $40.6 billion over the first four years. (link)
As the man-made catastrophic global warming (CAGW) hypothesis has been falsified (link and link), at the next election the party to vote for is the NO CARBON TAX Climate Sceptics (NCTCS).

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