Animal Farm 2.0: No longer a Fairy Tale

“On Monday, Shorten announced Labor would set strict new emissions limits on all businesses that release more than 25,000 tonnes of carbon dioxide each year, in a bid to reduce emissions across the economy by 45 per cent over the next decade”.

Energy Minister Angus Taylor labelled Labor’s policy a ‘lunch box tax’, “With companies like Aldi, Arnott’s, Bega, Coca-Cola, Ingham’s, McCain, Nestle, Pepsi and Wrigleys now in Labor’s sights the cost of the average lunch box will go up and up and up”.

Labor’s cap and trade scheme expands on the Coalition’s existing [scheme], which sets emissions limits on 108 businesses operating at 211 sites that pump more than 100,000 tonnes of CO2 into the air.

Source: Daily Telegraph

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