An organization of CEOs from 100 large Australian firms has now entered the struggle for a lighter emissions scheme. The says that the current emissions trading plans of Rudd government would force Australian firms to pack up their bags and run for another country where laws are in their favor.
BCA actually and hypothesized the post-ETS situation in their books. A close look revealed that 3 of the firms would have to pay so large a price for carbon that they would have no other option than to shut down. Two others amongst the 14 would certainly have a pretty doubtful future.
According to the study conducted by BCA consultants , the average firms pre-tax revenue would face a 22% reduction because of the emissions trading scheme.
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