carbon tax esi in the right market segment., page-7

IAN NETHERCOTE, LOY YANG POWER: Look, at the moment too I think there would be investment in a new brown coal power station, probably the answer is no. The uncertainty that's sitting there around carbon and various other issues would say that the investment of those dollars will go into other technologies.

However, over the longer term, I do think that there will be opportunity and it may come in the form of conversion of our coal to liquids, for example, perhaps it's to fertilisers, perhaps it's gasification. And if they were the case, then it actually provides an opportunity that hasn't been there in the past, including being able to export.

http://www.abc.net.au/lateline/content/2011/s3190864.htm
Latrobe faces carbon tax hardship
13/04/2011