BHP CEO: Australia Carbon Tax Is An Economic Dead Weight Cost
August 24 2011 - 10:16AM
Dow Jones News
Australia's proposed carbon tax is likely to hurt future
investment in the country's mining industry, the chief executive of
Anglo-Australian mining titan BHP Billiton Ltd. (BHP) said
Wednesday.
"There is a tax on coal exporters [in Australia], a tax that
coal exporter in Indonesia or South Africa don't have," Marius
Kloppers told reporters in a media briefing here. "It's an economic
dead weight cost," which will get embedded into investment
decisions.
-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328;
alex.macdonald@dowjones.com
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