Fed: We'll do our own sums on climate: Swan

AAP General News (Australia)
08-22-2008
Fed: We'll do our own sums on climate: Swan

Treasurer WAYNE SWAN says the government will rely on its own modelling on the impact
of emissions trading .. after figures from a business lobby group pointed to dire consequences.

A study of 14 businesses by the Business Council of Australia has found more than a
third of them would be driven to the wall .. and average pre-tax profits would sink 22
per cent.

Mr SWAN says his officials will work their way through the BCA's data .. but that won't
be the only thing they'll look at.

He's told Fairfax radio the government will also consider the viewpoint of households
.. not just business.

The ACTU has accused businesses of trying to avoid doing their fair share to tackle
climate change.

AAP RTV ca/ibw/bart

KEYWORD: CLIMATE BCA REAX (CANBERRA)

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