http://www.smh.com.au/environment/climate-change/senate-passes-ca...

http://www.smh.com.au/environment/climate-change/senate-passes-carbon-tax-20111108-1n4p1.html

pay up or dry the lignite....FOR FREE not quite fully correct ,it is CONDITIONAL on how the power operator will implement a plan to effectively reduce emissions from its operation and it will not include carbon capture or growing a forest 200 miles away.

"A last minute amendment by the Coalition and independent Senator Nick Xenophon to allow electricity generators to defer payment for the purchase of billions of dollars in forward-dated pollution permits failed.

A $23 a tonne carbon tax will now be paid by about 500 high-emitting companies from next July, with about half the revenue to be returned to households in the form of tax cuts and increases in pensions and family payments, to compensate them as electricity generators pass through the cost of the new tax.

Another $9.2 billion over the first four years of the carbon pricing scheme will be paid to high-emitting industries with overseas competitors not subject to a tax. They will receive up to 94.5 per cent of their emission permits for free.FOR FREE ABSOLUTELY NO >READ THE CARBON TAX LEGISLATION DETAILS.



Read more: http://www.smh.com.au/environment/climate-change/senate-passes-carbon-tax-20111108-1n4p1.html#ixzz1d4sCJQRE