Its official, Australia axed the carbon tax! Australian stock markets hit a six year high. What nation will be next to courageously say NO! to useless, wasteful global warming policies? Australias carbon tax brought down its government. P.M. Tony Abbott fulfilled his campaign pledge and eliminated it. The carbon price element will be removed from household electricity expenses, and power company bills will itemise the savings. New laws demand savings be passed on to customers or a utility would have to pay a fine equal to 250 per cent of the reduction. Politically, the repeal allows Prime Minister Abbott to boast he has completed two of his three major election pledges — to “axe the tax” and to “stop the boats”. The third was to repair the Budget.
Posted on: Thu, 17 Jul 2014 10:10:00 +0000
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