Australia Senate backs carbon tax...

Australia Senate backs carbon tax

http://www.bbc.co.uk/news/world-asia-15632160

Here is an extract

"The country's mining firms, airlines, steel makers and energy firms are among those expected to be hardest hit by the tax."

Will this be the end of steel makers like BGD in Australia? I hope not, but this move appears to only have a downside for the industry. I suppose there are always winners and losers - the winners, IMO, are not Australian based companies or in the long run Australians.

Suddenly 2013 seems to be a long way off.