Carbon Tax ruining Industries in Australia………… Why would Ontario want it?

Posted: March 20, 2013 in Uncategorized

Just watch Kathleen Wynne try and ram through a Carbon Tax in Ontario by any means necessary for her Green Lobby that supports her Party.

This is such a bad idea job wise that even though it destroys jobs and industry this Liberal Government will ram it down our throats like they did the job killing wildlife murdering Green Energy Act!

This Government knows no bounds for it’s disgusting treatment of Rural Ontario and to be “forewarned is to be forearmed”!

Report: Australian carbon tax contributes to record number of businesses insolvencies

03/19/2013

As U.S. lawmakers debate imposing a tax on carbon dioxide emissions, evidence is emerging that Australia’s carbon tax has hit businesses hard.

News Limited Network reported the country’s carbon tax was contributing to a record number of firms facing insolvency. Data from the Australian Securities and Investments Commission showed that a record 10,632 businesses faced insolvency for the 12 months to December 31 2012 — up from 10,481 for 2011.

Australia’s largest manufacturing firms asked the central government to scrap the nation’s carbon tax as it disadvantages local companies that are attempting to compete on a global market.

Critics argue that the carbon tax is putting Australian businesses at a disadvantage and will lead to job losses.

“In the absence of similar schemes by major trading partners, Australia’s carbon tax places tremendous pressure on Australian manufacturers and inevitably leads to job losses and business closures,” said the group Manufacturing Australia.

Origin Energy managing director Grant King said that the carbon tax as well as other green programs made up as much as 30 percent of small and medium sized businesses’ electric bills.

“No wonder (companies) are saying it is hurting us,” said King.

Australia has been taxing carbon emissions since July 1 of last year at a rate of $23AUD per ton. The system will become a full-blown cap-and-trade scheme in three years and will be integrated with the European cap-and-trade system.

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