Aug 28, 2008

ETS Should Be Going Back To Select Committee

Corruption pays.

Have a look at the treatment that the fishing industry is now receieving under the ETS.

“A new free allocation of units has been introduced for the fishing sector, which is equal to fifty per cent of the impact on fuel costs for a three year period.

There are major changes to the scheme that emerged from Select Committee. Those who submitted on the original bill should be given a chance to comment.

In particular we are worried about the proposed restrcitions on AAUs. This could increase the cost of the scheme to the economy significantly.