Abbott & Co.'s sovereign risk claims don't stand up to scrutiny

“Since 1999, the Behre Dolbear Group Inc. has compiled annual political risk assessments of the key

players in the global mining industry.”

In 2010 the Gillard Government announced it was introducing a national price on carbon, the 18 clean energy bills were passed by federal parliament in 2011. The start date for the provisions of most of this new legislation is mid-2012.

This is Australia’s global mining industry risk assessment ranking as one of the international Behre Dolbear Group’s “key players”:

2010 ranked at 61

2011 ranked at 57

2012 ranked at 57

Err, Tones, Uncle Joe, Poodle – what happened to the “sovereign risk” for mining companies you were all shouting about?

Australia’s risk level has gone down and not up since the PM announced the “toxic tax” you’ve been wailing about.