Friday, August 22, 2008

Emissions trading would be 'fatal' -says business group

22/08/2008 - Big business has told the federal government to go back to the drawing board on climate change, saying emissions trading could drive one-third of trade-exposed businesses bust.

The Business Council of Australia (BCA) has released modelling showing emissions trading would be "fatal" to five of the 14 actual companies studied, while pre-tax profits would be slashed by more than 20 per cent.

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