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Mining chief warns on ETS, IR and jobs January 25, 2009

Posted by honestclimate in Carbon Trading.
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Mining chief warns on ETS, IR and jobs

AC | January 25 2009

Mitch Hooke

Minerals Council of Australia chief executive Mitchell “Mitch” Hooke said there were no prizes for “hairy-chested leadership” on emissions trading and the Government’s policies need to be better aligned to the rest of the world and to the capabilities of technology.

If the Government ignores this, the ETS cost will flow through as a tax on the bottom line and will mean a loss of jobs, he told ABC Melbourne radio on Friday.

“You cannot be in the green if you’re not in the black,” he said. “And if the black is starting to look red then there will be a loss and it will go to jobs. It’s as simple as that.”

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