Marious has learned from his victory on the mining tax - if you get engaged in the process you can turn it to your advantage or at least minimise the harm. i.e. BHP will end up paying several hundred million rather than several billion from the MRRT.
If the carbon tax is inevitable then it is better for BHP to be again engaged in the process and to guide it to its advantage. As he says the carbon tax should be revenue neutral and protect trade exposed industries.
Marious acts for BHP not Australians.
ESG Price at posting:
93.5¢ Sentiment: LT Buy Disclosure: Held