smh article- looks like we are openiong up

Investors piled into carbon sequestration and renewable energy stocks in the wake of the carbon tax plan, while emissions-intensive sectors such as coal, steel and transport lost ground.

Shares in geothermal firms closed between 15 and 26 per cent higher after the federal government pledged, under the new tax, to establish two groups to administer $13.2 billion in investment in the renewables space.