Two of Australia’s biggest natural resources firms criticized the government’s plan to put a fixed price on carbon emissions, saying that without significant changes, the scheme could be potentially disastrous for Australian businesses. Global miner Rio Tinto said the government must offer more generous compensation and protection under the carbon scheme while Woodside Petroleum, the nation’s largest oil and gas producer, said it should be outright exempt due to its production profile.
See http://uk.reuters.com/article/2011/03/06/greenbiz-us-australia-carbon-idUKTRE7252VM20110306.