Saturday 12 March 2011

Never a truer word spoken on the Mad Monk


Abbott is behaving like a vandal. While saying he is concerned about energy prices he is wrecking any chance of them stabilising. By saying he will rescind any new carbon price approved by parliament (if, as is likely, he wins the next election) he is forcing would-be investors in the power industry to extend their capital strike.

Read the rest of Peter Martin’s “Memo to Julia: You don't have a carbon consensus” here.

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