It is so imaginative reporting that energy intensive industries will face reduced profitability, as if that is a flaw in the carbon tax. That of course is the whole point, if such industries wish to remain profitable they will need to work out ways to reduce their carbon ‘bill’….
Can’t understand why the pro carbon tax lobby, green groups, The Greens, and the ALP for that matter, often seem to put more emphasis on doing the right thing, rather than the huge economic potential in making that transition in our economy early on.
Like with Hawke’s removal of tariffs, the potential winners will vastly out way the noisy losers. Trouble is only the future will determine the winners, and as they don’t necessarily know who they are yet, they don’t lobby for their self interest.