Does anyone know much about this co? Following looks like a good...

Does anyone know much about this co? Following looks like a good omen -

http://www.abc.net.au/news/newsitems/200702/s1840011.htm

Last Update: Monday, February 5, 2007. 1:26am (AEDT)

John Howard says there is undeniable evidence that the climate is changing. [File photo] (ABC TV)

PM says carbon trading part of climate change solution
Prime Minister John Howard has signalled that Australia is likely to be involved in a carbon trading scheme as part of tackling climate change.

Mr Howard has promised Australian workers and industries will not be unfairly disadvantaged if there is a price on carbon.

"We are not going to sell out the many thousands of workers in the mining and power generation industries," he said.

A discussion paper will come out this week from a task force Mr Howard set up last year.

In his weekly recorded message, Mr Howard says carbon trading is part of the solution to the problem of climate change.

"Market mechanisms, including carbon pricing, will be integral to any long-term response to climate change," he said.

Mr Howard says there is undeniable evidence that the climate is changing.

"But the answer is not knee-jerk responses that harm the national interest," he said.

Labor's scheme

Opposition Leader Kevin Rudd says Labor already backs carbon trading and the Government has been left behind.

"Labor more than a year ago proposed a national carbon trading scheme and Mr howard has rejected this all along," he said.

"Now he appears to be backflipping."

Mr Rudd says Mr Howard is playing catch-up.

"If Mr Howard is now backflipping on our proposal, going back more than a year, for a national emissions trading scheme, then of course we welcome that," he said.

"But we question his political commitment to this, given it comes six months before an election from a Government which has been filled with climate change sceptics all along."

Greens leader Bob Brown says if the carbon price is too low it will not bring down emissions enough.

"[Mr Howard is] simply going to go in for tokenism, something that's not going to upset the coal industry," he said.

Call for broad summit

Mr Howard is set to meet state leaders on Thursday over his Murray-Darling basin takeover plan.

Federal Labor frontbencher Wayne Swan says Labor also wants a summit, but is calling for a broad-ranging climate change one.

"We expect the best minds in the country and all those with a deep interest in the economic future and the economic sustainability of this country to come along," he said.

Senator Brown has dismissed the responses from both major parties.

"This is becoming the summer of summits but no action," he said.

"Actions speak much louder than words.

"The Greens introduced into the Senate last year a Bill to reduce greenhouse gas emissions, boost enormously renewable energy as against coal and to move towards a carbon tax."