Monday, June 22, 2009


I read the news that the ACF has asked the ACCC to investigate 6 corporations, and their statements about the effect of government action on climate change.

Rio Tinto, Woodside, Xstrata, Boral, Caltex and Bluescope Steel have alleged to have made contradictory statements to shareholders, and to the government and the public. Don Henry (ACF) summed it up..
Some of Australia’s biggest corporate polluters appear to be presenting the worst case to government and the public, in an effort to gain excessive free permits, while presenting the best case to investors, in order to keep their share prices up.

No comments: