News

Carbon tax is costing Australia investment and jobs: Palmer

Billionaire mine developer Clive Palmer.
Billionaire mine developer Clive Palmer. john mccutcheon

BILLIONAIRE mine developer Clive Palmer has weighed in against the Federal Government, saying its carbon tax as handicapping Australian business.

Domestic companies will pay $23 per tonne for the next two years, before the price changes to market value in line with the European equivalent.

This week, that European price fell to $3.20 per tonne, almost $20 cheaper per tonne than Australia.

Mr Palmer said the difference meant countries competing for investment were now ahead of Australia.

"This is costing investment, this is costing jobs and this country is going to become redundant if we have this kind of impediment placed upon us," Mr Palmer said in a statement.

Treasurer Wayne Swan said the implications of the price crash would be considered in the lead-up to the Federal Budget.

Topics:  carbon tax, clive palmer, federal government, wayne swan




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

3 easy dinner recipes your kids will love, and so will you

No Caption

THERE is a middle ground! Dinners fit for kids and adults.

How to reduce your child's risk of food allergies

ABOUT 90% of food allergies are caused by just seven foods.

5 good mental health habits for kids (and parents)

CRYING OUT FOR HELP: The demand for counselling support for children and young people is increasing.

FORMING good habits early is critical for your child's mental health.

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Susie O'Neill: Why I stopped smacking my children

Swimming legend Susie O'Neill says she has stopped smacking her kids.

“I (smacked) because that’s what I knew growing up."

Introducing a step-parent into the family

Introducing a step-parent into the family can be stressful for the children, as well as the new parent.

THERE is no easy way to introduce a step parent into the family.

Southern Downs activists in national water demonstration

Sarah Moles, Marianne Irvine and Jenn Greene-Galloway take part in the national highway action as part of the #water4life campaign on the corner of the New England Hwy and Goomburra Rd.
Photo Jayden Brown / Warwick Daily News

Highway demonstration for water protection

Man injured after quad bike rolls on Warwick property

Queensland Ambulance transported a boy to the Mackay Base Hospital.

23-year-old injures ankle in quadbike crash

Latest deals and offers

Is this state’s cheapest house?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward

Rockhampton property in a lull, but a change is coming

Rockhampton's housing market in "pre-election mode"