Windmills flap helplessly as coal remains king - Times Online

In July, a tonne of carbon sold for €35, but today it fetches less than €9. Too bad, thinks the finance director, dump them anyway. If the politicians are still quacking about the climate in two years' time, we will buy them back, if we still have a business.

Steel chief sounds jobs alarm over carbon scheme | The Australian

AUSTRALIA'S second-biggest steelmaker says the Rudd Government's emissions trading scheme is likely to cause job losses and force new investments offshore.

Onesteel chief executive Geoff Plummer said, that even though the Government had tried to address the industry's concerns, his company "cannot support the carbon pollution reduction scheme based on its current design".

"We understand the Government's intentions, but the practical effect of the scheme as it stands is that we will bear a cost not borne by our competitors," he said. "We would be the only steelmakers in the world to have these costs and that would put us at a material disadvantage."