Polluting power plants to reap carbon tax windfall

Carbon tax hands out billions to polluters, now it looks to be scrapped.

Polluting power plants to reap carbon tax windfall: Under the carbon price there is a five-year, multibillion-dollar compensation package for heavy-emitting coal power plants. Labor says the assistance is necessary for energy security and to compensate for the loss in value of coal power plants.
The free credits come on top of $1 billion in cash compensation given last year to eligible plants,

Read more: http://www.theage.com.au/federal-politics/federal-election-2013/polluting-power-plants-to-reap-carbon-tax-windfall-20130830-2sudb.html#ixzz2dVlJkz44