Did You Know...

   

Inevitable: Qantas, Virgin Airlines Passing Australia’s Carbon Tax Along to Consumers

Share
By Doug Powers  •  July 11, 2011 09:45 AM

**Written by Doug Powers

Australia is debuting a carbon tax much like the one Al Gore has proposed for the United States. A few details:

In Australia, the federal government launched plans for a $23 per tonne tax on carbon, which will affect the country’s 500 largest polluters commencing July 1, 2012. “By 2020 our carbon price will take 160 million tonnes of pollution out of the atmosphere every year,” said Australian PM Julia Gillard. ” That’s the equivalent of taking forty five million cars off the road.”

The government will exempt farmers, small business, families and road transport from the scheme, which will feature a carbon tax from 2012-2015, switching to an emissions trading scheme in 2015.

When we read about carbon taxes on “polluters,” the stories are accompanied by who is exempt from the taxes. The fact is, nobody is exempt — with the possible exception of the corporation getting hit with the tax. One example is the airline industry in Australia, which is simply doing the obvious and passing the tax along to consumers:

Qantas and Virgin both say they will be passing on the cost of the carbon tax, with average fare increases of at least $3.

Australia’s two biggest airlines are among the first major companies to give an indication to investors about the cost to the company of the carbon price, and how that impact will be passed on to customers.

The airlines say they will bear the full brunt of the $23-a-tonne starting price on carbon, which is being passed onto domestic airlines in the form of a higher jet fuel excise, without receiving any Government compensation or transition assistance.

Qantas says the estimated impact of the increased fuel costs is between $110-115 million next financial year, which it says will be passed on in full to customers in a transparent way.

Other industries will do the same. This is the inherent irony in the global warming scheme. These taxes are purportedly put in place to ultimately help protect the people at the lower end of the economic totem pole who will be “hardest hit” by global warming, but they’re the same people who are going to get stuck with the bill. The lifestyles of Al Gore or his pal Sir Richard Branson will not be negatively impacted.

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

His contrails will go on: DiCaprio takes private jet from France to NYC to accept environmental award (Open thread)

May 22, 2016 10:06 AM by Doug Powers

kerrydicaprio

Hypocrite parade: Powered by dreams and jet fuel

Fear factor: Forum at MIT examines if a certain phobia is worsening global warming

May 10, 2016 10:36 AM by Doug Powers

kerryclimate

Is it hot in here or is this crazy?

John Kerry should tell the White House about his ‘borderless world’ prediction

May 8, 2016 11:08 PM by Doug Powers

kerryfootball

Whatever

Perfect: John Kerry opposes offshore tax havens the same way he leads by example on climate change

April 26, 2016 09:21 AM by Doug Powers

kerry9

Do as he says, not as he does!

Eco-warriors Barack & Michelle Obama make sure Earth Day smells as much like jet exhaust as possible

April 22, 2016 05:09 AM by Doug Powers

jet_exhaust

Separate international flights we can believe in!


Categories: Enviro-nitwits, global warming, Michelle Obama, Barack Obama

Follow me on Twitter Follow me on Facebook