BSL receives 94.5% of permits free. BSL receives $180million in transition funding. BSL receives 10% permit requirement reduction in 2016-17.
Steel manufacturing receives significant PROTECTION and SUBSIDY because there is no environmental gain in having that manufacturing move overseas.
Please understand, environmentalists have absolutely no incentive to put steel manufacturers out of business. Steel manufacturing in Australia is good from an environmental perspective. All the gov't is asking is that BSL tries to reduce emissions where it can. Better still, the gov't is paying for the research, implementation and innovation needed to do that. If BSL reduces emissions by more than 5%, they stand to make a profit.
BSL wins from the carbon tax.... high aussie dollar might be a problem though.
BSL Price at posting:
$1.07 Sentiment: ST Buy Disclosure: Held
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