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Damming report on ETS prompts calls for release of Treasury figures.



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Senator David Johnston 

Shadow Minister for Resources, Energy and Tourism  Senator for Western Australia    

DAMMING REPORT ON ETS PROMPTS CALLS FOR RELEASE OF TREASURY FIGURES

The grim reality painted in the Business Council of Australia’s report on the Emissions Trading Scheme only reinforces the need for the Rudd Government to release Treasury’s economic modelling for the scheme.

Shadow Resources, Energy and Tourism Minister Senator David Johnston said the BCA’s predictions were dire and it was time the Prime Minister released the most important aspect of the ETS - how it was going to affect the bottom line of Australian industry.

“If the modelling is anything like the BCA’s then sitting on these figures for months on end is not going to make them go away,” Senator Johnston said.

Senator Johnston said Prime Minister Rudd’s rushed political exercise in introducing an Emissions Trading Scheme has been exposed by the Business Council of Australia as placing Australian industry at high risk of collapsing.

“The BCA report, which outlined how many emission-intensive companies would go bust overnight under the current plan, should be a wake up call to the Rudd Government,” he said.

“The BCA, along with the Coalition, both support an Emissions Trading Scheme, but the detail and the timeline has to be properly determined,” Senator Johnston said.

“The introduction of an Emissions Trading Scheme must have a smooth transition, something that I have been saying now for a long time.”

Senator Johnston said he supported the statement from the BCA that the Rudd Government must recognise business reality if it is to encourage the investment required to reduce emissions and still maintain a healthy economy.

Media contact: Rebecca Horton 0427 449 120

Rebecca Horton Media Adviser Senator the Hon David Johnston Shadow Minister for Resources and Energy, Tourism

Mob: 0427 449 120