Whaaambulance again:
“Further taxing our coal exports won’t make electricity cheaper for Australian consumers, it will just cost jobs and undermine our reputation as a reliable trading partner,” the company with huge holdings in the Hunter Valley of NSW said on Wednesday.
“The rising cost of living is something the Government must address but a new tax will never be a cure for high domestic energy prices,” the company said.
…“From the Government’s proposed industrial relations and pattern bargaining changes, to the implementation of what amounts to a carbon tax through the Safeguard Mechanism, its management of the Environment Protection and Biodiversity Conservation Act framework and now, a potential additional tax on coal exports, there are ominous signs emerging that the Government is taking Australian mining for granted.
“The compounding nature of the measures the Government is actively considering, or has refused to rule out in the case of a new mining tax, is bad news for jobs and investor confidence and is hard to reconcile with Labor’s stated support for Australian mining – including coal – in its pre-election policy platform.
Poor Whitehaven! The coal price is only up 700% in less than a year:
Seriously, this firm is whining about paying some extra tax to bring down the very power prices it has driven wild for the owners of the resource that it leases to extract.
These are war-profiteering profits that the firm never invested for, doesn’t deserve, and they are coming straight out of your pocket.
Off with the coal baron’s heads!
