RECENTLY many mining and mineral processing companies have become more vocal against the looming emissions trading scheme (ETS).
Anglo-American has become the latest industry heavy-weight to join Xstrata, Nyrstar, and other, claiming the proposed Carbon Pollution Reduction Scheme (CPRS) will wipe $14 billion from the coal industry, cost the government a billion dollars in royalties and would force the company to lay off thousands of workers.
The growing discontent is building as a decision on the scheme creeps forward. The ETS will be voted on by federal parliament in November 2009.
And it's not just the big guns of mining that are concerned. Junior miner Meridian Minerals says while the group supports emissions reduction it is wary of the impact on miners.
The industry associations are also turning the heat up in the debate. The Queensland Resources Council (QRC) has called for a fairer scheme than the government’s proposed scheme.While the Australian Coal Association has launched its campaign ‘Lets Cut emissions. Not jobs’.
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