Larvatus Prodeo

The Fin Review reported yesterday that a host of resource company execs are descending on Canberra on Friday for a pow wow with Martin Ferguson. Initially this meeting was being presented as a way of circumventing the BCA, who released a doom and gloom laden report last week basically threatening a capital strike. But it’s now clear that it’s nothing of the sort, as Marn’s department have also sent the BCA an invite. Industry sources expressed pleasure at Ferguson’s involvement, telling the Fin that they found him easier to deal with and more amenable to their views than Climate Change Minister Penny Wong. Hardly surprising…

Further reports today (as well as Stephen Mayne’s piece in Crikey) reinforce what was being said yesterday – that the polluters and the “skeptics” are making the running on the business response to the Carbon Pollution Reduction Scheme Green Paper. What looks like being the outcome is, in my view, a default back to the Howard position. Continue reading ‘Emissions trading and rent seeking: round two’