Introduction of Carbon Tax as modest as it it turned us into one of world leaders in attempt to tackle the carbon dioxide emissions and general pollution.
This country is wealthy enough and has to pull its weight in the international arena. We have started to do a bit of heavy lifting and now invite and encourage others to join us.
There is nothing wrong with being an innovator, Australia has fine tradition of leading on important issues and should continue to do so.
Telstra should not be adversely affected, as seen today when the SP increased while market dropped at least partially due to formal announcement of CT. Qantas lost almost 2%, resources also. There will be realignment for a while and once it has bedded in, life will go on.
Meanwhile we have shares in a company that has pretty good business and rewards its shareholders with decent dividends.
TLS Price at posting:
$3.02 Sentiment: LT Buy Disclosure: Held
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