Warmist Garnaut: "There will be a lot of corner stores in Australia whose value will be affected by this in one way or another and no one would think of compensating them for that"

No compo for coal generators: Garnaut - National News - National - Environment - Camden Advertiser

THE government's chief climate change adviser, Ross Garnaut, has put himself at odds with the Gillard government, declaring unnecessary billions of dollars in compensation for coal-fired electricity generators under a carbon tax.

In his final update of his 2008 climate change review, Professor Garnaut has also found evidence that electricity distributors are gouging households, having been allowed by a government regulator to make too much money on investments in infrastructure.
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''There is no compensation proposed for reduction of asset value [in the report],'' Professor Garnaut said.

''I just don't think there is a reason for that. There will be a lot of corner stores in Australia whose value will be affected by this in one way or another and no one would think of compensating them for that.''