Alcoa aluminium smelter closure is ‘the carbon tax doing its job’, says PM

Alcoa aluminium smelter closure is ‘the carbon tax doing its job’, says PM | World news
Alcoa’s Port Henry plant: ‘If you are serious about protecting jobs in manufacturing let’s get rid of the carbon tax now,’ said Abbott. Photograph: Joe Castro/AAP Image

Tony Abbott has said the closure of Alcoa’s Port Henry aluminium smelter was a result of “the carbon tax doing its job”, despite the company having explicitly stated the carbon tax was “not a factor” in its decision to shut.

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G20 has failed to fulfil its promise of collaboration amid hostility |

It was easy, back in late 2008, to see what the G20 was for. The first gathering of leaders from the world's biggest developed and emerging market economies took place in Washington in November 2008, shortly after the collapse of Lehman Brothers. The idea was to prevent a colossal financial and economic crisis turning into a second Great Depression, something that seemed entirely plausible given the 1930s-style collapse in industrial output and trade. The second meeting was in London five months later, after central banks and finance ministries had acted in concert to boost demand.

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