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Billionaire Forrest Backs Carbon Levy on Australia Fossil Fuels
Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest.
(Bloomberg) -- Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s high time that industry that causes global warming contributes to alleviating its harm,” Forrest, executive chairman of iron ore exporter Fortescue Ltd., said Monday at the National Press Club in Canberra. The proposal would “seriously undermine our international competitiveness” and result in job losses, said Tania Constable, chief executive officer of the Minerals Council of Australia, which represents companies including coal producers.
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