This is scary:

Did you know that Western Australia, Victoria, NSW and Queensland are talking about recommissioning or refurbishing old coal fired power stations, or even building new ones?

All they are waiting for is for the Rudd Government’s emissions trading bill, with its woeful targets and weak carbon price, to pass and they’ll have the signal they need.

Just when you thought it couldn’t get any worse, legal advice to the Greens from two senior barristers shows that, if this bill passes, the Government won’t be able to turn it around without paying even more billions in compensation to the polluters.

This puts paid to the flimsy notion that we can pass this failure of a scheme now and easily improve it down the track.

You can read more about how the CPRS locks in climate failure here. Source.

I believe that there should be no compensation for any business because of carbon trading. Let the companies raise their prices to cover the extra costs. Then compensate the consumers who can’t afford it, the pensioners and the low income earners.

There are lots of other comments on the Green’s site.