Byline: John Breusch
Australasian Business Intelligence (August 18, 2008)(136 words) From General OneFile.
Aug 18, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Australian Aluminium Council CEO, Ron Knapp, warned of the potential risks of carbon trading on 18 August 2008. Knapp joined Cement Australia CEO, Chris Leon, in calling for a review of the Australian Government's emissions trading plan, despite Prime Minister Kevin Rudd's pledge to protect heavy industry. Knapp said the maximum protection provided to trade-exposed companies under the scheme was likely to fall from 90 per cent to 60 per cent within 10 years, placing Australia at a global disadvantage.
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