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Carbon Tax will Cripple Australian Coal Industry: New Study

Carbon Tax on Coal IndustryThe federal government’s carbon tax will cripple Australia’s coal industry forcing jobs offshore and closing many existing coal mines, according to free market think- tank, the Institute of Public Affairs (IPA). A new report released in June by ACIL-Tasman found that the carbon tax will cost the Australian industry over $ 18 billion dollars within the first nine years.

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