Home › Forums › Refining Community › Refinery News › Australian ExxonMobil Refinery may shut on Carbon Scheme – paper › RE: Australian ExxonMobil Refinery may shut on Carbon Scheme – paper
Here is example of things to come and example of stupidity of the Kyoto & Carbon Tax schemes – they force closure of good operating refineries in favor of imported product from overseas rivals doing more polluting who have no obligations to either trade or control emissions under Kyoto or Carbon Tax schemes.
Most of Australian refineries are very simple in terms of complexity and therefore margins are already small. But nearby Asian competitors are “labeled” undeveloped countries ….like China…..and therefore get free walk on environmental regulations under Kyoto! Even though China has now risen (also under Kyoto due to this Nimby unfair trading advantage) to Worlds largest polluter and its Government owned Refineries are giants and often subsidized to maintain fuel prices at quarter of the price elsewhere in the world.
Carbon Tax ….. in any country is just another costly & stupid program pushed by traders, consultants and environmentalist devoid of understanding of the energy industry trying to meet consumer demands and evidently the negative impacts they bring to global environment.