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Bill, Thank you for your perspective on this. A lot of what you say makes sense at first pass but upon closer inspection or comparison to what’s actually happening in Australia, your points just don’t add up: Let’s look at the “Carbon Price Uncertainty Factor”. If you hadn’t noticed, Australia is in the middle of a massive investment boom – Investment in resources projects are at record levels in Australia and that's with a carbon price just round the corner. No, coal development and acquisitions are not falling off a cliff, they’re doing the opposite. The same is true for LNG, Iron Ore, Gold and most other resources industries. The exceptions are Aluminium and Nickel but record low LME prices and high AUD wouldn’t have anything to do with that.… The carbon price uncertainty factor must be pretty close to 1. So, if you did not realise that an investment boom was taking place then you probably hadn’t noticed the impact it is having on our exchange rate, the AUD is currently ~50% higher in value than historically against the USD – this is the true reason why many of our industries are struggling. I.e. Reducing your revenue by ~33% per unit of product funnily enough has a greater impact on businesses than a ~1% increase in your operating costs. Carbon cost pass through is interesting, particularly when you start looking at real numbers. Aside from energy there are no other business costs that will be impacted by a carbon price. Steel, Aluminium, Cement – all of these are supplied by companies based overseas not paying a carbon price or from companies based in Australia being compensated for paying a carbon price. Flights (very emissions intensive) have a price increase of on average of $3 per sector - this not exactly going to send a business under. So that just leaves energy, which is a direct carbon cost, and which is being compensated under EITE if the carbon price is going to impact a business significantly. So what were the rest of your arguments? Denying that humans are responsible for climate change – haven’t heard that one before but please, keep your head in the sand if it makes you feel better. Tasmania - Are you really claiming that it is the first carbon price impacted failed state? Tasmania’s problems started a long time ago when they based their economy on a non-renewable resource – native timber. Oh wait – this sounds very familiar to the original topic of non-renewable resources – fossil fuel energy. PS: For this of you who are unfamiliar with the regulation of emissions that cause acid rain in the US – this is a great example of how a cap and trade scheme (such as Australia’s carbon price) will work. Thank you for raising this Bill.