The cult of radical environmentalism is harmless flakiness, until people who don’t believe in it have to pay for it. Unfortunately, we have to pay plenty. In Australia:
Virgin Airlines has blamed the carbon tax for contributing to a $98 million full-year loss, adding to corporate concerns that Labor’s climate change scheme is wiping billions of dollars off blue-chip profits.
Australia’s second biggest airline on Friday morning announced the carbon tax had added nearly $50 million to its 2012/13 expenses – around half the amount booked by Qantas, which said the green impost added $106 million. …
A week from polling day, the impact of Labor’s greenhouse scheme on corporate balance sheets can be revealed – with the carbon tax costing the country’s four biggest energy companies close to $1.7 billion.
And while Kevin Rudd is pitching his campaign message on creating jobs, coal miner Glencore Xstrata claims the carbon tax will cost it $200 million and is undermining investor confidence in new projects.
Soon to be privatised Macquarie Generation, owned by the NSW government, was whacked with a $469 million carbon tax bill, for the year to June 30.
Regional airline Rex on Thursday blamed the carbon tax for a 45 per cent nosedive in profits – from $25 million to $14 million in 2012/13 – with executive chairman, Lim Kim Hai, claiming that sales plunged “almost immediately” after its introduction just over a year ago.
You don’t need a degree in economics to figure out the effect this has on unemployment.
What do Australians get in return for the $billions wasted and countless jobs lost? Delusional moonbats receive a warm glow of sanctimony for having supposedly adjusted global temperatures more to the liking of the sacred polar bears. Everyone else just gets screwed.
On tips from Andrew in Australia.