July 10th, 201 Mining boss warns policy-makers off taxing them…

Australian Prime Minister Kevin Rudd twice tried to get climate change legislation (catchily named the ‘Carbon Pollution Reduction Scheme’) through Parliament in 2009.  Twice the Senate said nope.  That meant he could have called a ‘double dissolution’ election.  He didn’t.  Instead he announced a proposed mining tax. The mining industry responded with a 22 million dollar publicity campaign called ‘Keep Mining Strong’.  In June, Rudd was dumped by his own party.  Speaking a couple of weeks later, the  Rio Tinto CEO Tom Albanese said

“Policy-makers around the world can learn a lesson when considering a new tax to plug a revenue gap, or play to local politics.”,

Cleary, P. (2011) page 80

Also on this day

1976 The Seveso disaster

As ever, see the disclaimers, help the project and comments policy.

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