big end of town is going to win

10/02/07: Herald Sun

THE state premiers have backed a carbon trading scheme that aims to cut greenhouse gas emissions by 60 per cent.

Victorian Premier Steve Bracks and New South Wales Premier Morris Iemma led the push for the scheme, which aims to achieve the cuts by 2050.
But unions representing workers in the power stations of the Latrobe Valley said the premiers had got it wrong and were placing more than 1000 jobs at risk.

Out they come:

Secretary of the Gippsland Trades and Labour Council, John Parker, said regulations on emissions should have been embraced instead of carbon trading schemes.

"Carbon trading is really going to be something that the big end of town is going to make money out of," Mr Parker said.

He said that Victoria had no real alternative to brown coal.

Yeah...