14-Oct-2010 11:12 AM

Carbon tax would have significant financial impact: Qantas

Qantas CEO Alan Joyce stated introduction of a carbon tax by the Australian Government would have a significant financial impact on Qantas and distort competition for Australian businesses (Australian Financial Review, 14-Oct-2010). Mr Joyce believes Australia should proceed at the same pace as other countries. The Australian Government is considering a carbon tax as an alternative to an emissions trading scheme.

Qantas: “We are one of the biggest users of fuel and where I think the carbon tax is going to be important to us is [to make sure] that Australia doesn’t go on its own and applies a tax that distorts competition and ends up with the wrong outcomes for both the environment and business.” Alan Joyce, CEO. Source: Australian Financial Review, 14-Oct-2010.