Thursday, July 1, 2010

BHP Billiton, Rio Tinto and Xstrata's present from the Australian govt.


Multi-national mining companies must be drinking champagne from gold cups with the new Australian government's gift of reducing their tax bill for their extremely profitable exploitation of the nation's bounty.
The destructive extraction of Coal and iron ore has far-reaching consequences way past the local communities and environments that host their greed. For example,Coal-fired power plants are responsible for the release of over 85% of total global carbon dioxide emissions. Some of the effects of this mining on the planet include: Carbon dioxide (CO2),Ozone Smog, Sulfur Dioxide (SO2), Nitrogen Oxide (NOx), Particulate Matter (PM), Mercury (Hg) and Acid Rain.
A 40% Resource Super Profits Tax will not stop the destruction of the planet, or bankrupt these Swiss, British, Dutch and Australian companies that employ around 70,000 Australians.
Lowering it to 30% will however, deprive the Australian nation, and most important of all, the local communities, their right to also profit from the rape of the land.

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