Is Mr Anderson saying this is a tax dodge?
Mr Anderton commented that the current round of anti-ethanol lobbying
in the media and the Australian community is a re-run of the US
industry of the 1990's. The sentiment and the misinformation continue
to be fuelled by the major oil companies and fuel industry. Under an
ethanol industry development in Australia the major fuel companies
would be likely to lose market share. The biggest threat comes from
the communities that are most affected by high fuel prices - the
regional and rural communities. Indcor's position is that at 10%
ethanol blend in petrol there is 1,800 million litres capacity in
Australia and no one can put forward any credible argument why an
excise free, local supply scenario similar to the LPG gas industry
can not be put in place.
An excise free position for locally produced ethanol is Government
Policy and Indcor are confident that the Federal Cabinet will honour
their 2001 election platform on renewable energy. Indcor has
reiterated the biofuel industry position by suggesting that on
current projections the US ethanol industry will be bigger than the
total Australian motor spirit (petrol) industry by 2010. As a major
rural economy importing substantial crude oil, with the associated
greenhouse gas issues to address, there is every reason to develop
sustainable solutions with extensive environmental benefits, reducing
cost and reliance on the unstable fossil fuel supply into the
Australian energy market.
P Anderton
CEO & CHAIRMAN
The farmer gets his fuel sans road tax and the producer sells without tax. What the Govt giveth the Govt will taketh away.
- Forums
- ASX - By Stock
- caltex trials petrol-ethanol blend
Is Mr Anderson saying this is a tax dodge?Mr Anderton commented...
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online