'Coal industry being railroaded'
QUEENSLAND'S coal industry is being asked to bear more than its fair share of an emissions trading scheme (ETS), the Queensland Resources Council (QRC) says.
“Mining communities in regional Queensland are being told they must sacrifice their job security in the interests of shielding other industries and urban households from the real cost of the emissions trading scheme,” QRC chief executive Michael Roche said yesterday.
Mr Roche said it was evident from comments by Climate Change Minister Senator Penny Wong and Assistant Climate Change Minister Greg Combet that coal mining communities are expected to pay more than double their fair share through a new tax on coal mining.
“Let's be clear that the coal industry is not seeking more compensation under the emissions trading scheme,” Mr Roche said.
“What it is asking for is fair treatment in line with other industry sectors.”
Mr Roche said that under the ETS, the coal industry would be taxed an extra $10 billion over the next decade for methane emissions from mining that can neither be measured accurately nor reduced significantly.
“If the coal industry was being treated the same as other emissions-intensive, trade-exposed industries, the additional tax imposition would be around $4 billion,” he said.
“The coal industry and the communities are being railroaded into paying more than twice as much as anyone else.”