Australia's Senate passes the controversial Clean Energy Act - setting the stage for the new law...


Australia's Senate passes the controversial Clean Energy Act - setting the stage for the new law to directly impact the country's 500 biggest polluters beginning on July 1, 2012. Under the closely-watched legislation, carbon emissions will be taxed at a fixed price of 23 Australian dollars ($23.8) per ton for 3 years before flexible pricing kicks in during 2015.

Comments (6)
  • Conventional Wisdumb
    , contributor
    Comments (1800) | Send Message
     
    I love Aussies but I guess stupidity/ignorance knows no bounds.

     

    Way to set the example for the Chinese - who are now laughing their heads off as they become even more competitive than they were while we in the West continue to try promote poliicies which will only euthanize our economies based upon junk science and fraud.

     

    I am guessing they should be shorted but I don't really care that much.
    8 Nov 2011, 10:17 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    Its just a tax...for whom....do they send it to God......or does some Politicians get to spend it something they think is good....how about if you own a pet..are you taxed..what a waste for natural resources for a pet....
    8 Nov 2011, 10:22 AM Reply Like
  • Tack
    , contributor
    Comments (16281) | Send Message
     
    Don't give them ideas.

     

    Hey, they're ginning up a campaign to regulate and tax sugar. Anything is possible with people intent on taking away your freedoms.
    8 Nov 2011, 10:25 AM Reply Like
  • al9000
    , contributor
    Comments (54) | Send Message
     
    They won't send the taxes to God - they'll send it to a slush fund like the politicians do here.
    8 Nov 2011, 10:33 AM Reply Like
  • bob adamson
    , contributor
    Comments (4560) | Send Message
     
    Hi Tack,

     

    First they regulate heroin, then carbon emissions. Who knows what freedoms are now at risk, eh?
    8 Nov 2011, 06:54 PM Reply Like
  • wyostocks
    , contributor
    Comments (9114) | Send Message
     
    Where is John Galt when we really need him?
    8 Nov 2011, 10:29 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs