Tuesday, 19 January 2010

Dangerous development for Rudd and Co

Prime Minister Kevin Rudd has stuck steadfastly with President Barack Obama on the climate change issue but that course is becoming more difficult as the chances rapidly reduce of the United States legislating for a “cap and trade” carbon scheme like Australia’s planned emissions trading scheme. The political trading markets now rate the chance of Congress passing Obama’s planned legislation this year as down to 25%.
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