06 MAY 2011http://www.theage.com.au
Labor move will benefit Chinese: Alumina
Edited by : AL CIRCLE
1 min read
LEADING alumina/aluminium producer Alumina has warned that the fast-growing Chinese industry will benefit from the Gillard government's planned introduction of a carbon tax at the expense of the Australian industry.
Chairman Don Morley told shareholders at the group's annual meeting in Melbourne yesterday that despite suggestions to the contrary, alumina/aluminium producers elsewhere in the world were subject to very limited greenhouse gas charges, if any.
The Chinese industry does pay a renewable energy surcharge. But the indirect (electricity) impact of that works out to about 80¢ a tonne of carbon dioxide compared with the $20-a-tonne charge that Australian emitters face.
Chairman Don Morley told shareholders at the group's annual meeting in Melbourne yesterday that despite suggestions to the contrary, alumina/aluminium producers elsewhere in the world were subject to very limited greenhouse gas charges, if any.
The Chinese industry does pay a renewable energy surcharge. But the indirect (electricity) impact of that works out to about 80¢ a tonne of carbon dioxide compared with the $20-a-tonne charge that Australian emitters face.
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