| When Australia's Prime Minister Tony Abbott last month steered through Parliament repeal of the country's carbon pricing mechanism, he was cheered on by business associations representing major international and domestic companies. They had campaigned hard for repeal of the scheme, which required about 360 large emitters to pay a fixed price for their emissions, with the intent of moving to a floating price by mid-2015.
The scheme's supporters, including influential economy professor Ross Garnaut, say leading business associations demonstrated unprecedented partisanship and helped unleash a form of “money politics” not seen before in Australia...............................................Full Article: Source
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