JBS Australia’s Ipswich plant has a current annual carbon tax liability of about $1.9m for its 80,000 tonnes of emissions at the $24 carbon price.
As reporters at the scene reminded Abbott, the company received $4.8m from Labor’s Clean Technology Food and Foundries Investment Program to pay for half the cost of improvements that will cut emissions – at its current production levels – to 35,000 tonnes.
So if Labor is re-elected, in the first six months of next year the company’s liability would be half of an annual bill of about $840,000, or about $420,000. And if Labor then floats the carbon price – as it has promised – in the second half of the year, its bill would fall further. At a carbon price of about $6 the annual bill would be $210,000. That takes the total 2014 liability to about $525,000 – or about a tenth of Abbott’s estimate….
The Advertiser News online 29 August 2013:
Abbott addressing housemates in the Big Brother House:
"If you want to know who to vote for, I'm the guy with the not bad looking daughters . ."
http://youtu.be/67Q4kyTeMNo
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