Emission capture law a free ride for petroleum industry
THE Federal Government's draft legislation for a world-first regulated carbon capture and storage (CCS) system has failed to pass muster with the very groups it is meant to help, including backers of the $5 billion Monash Energy coal-to-liquids project in the Latrobe Valley. Complaints with the draft legislation raise doubts about the Government's plan to make CCS integral to Australia's move to an emissions trading system under a policy paper to be released today by Climate Change Minister Penny Wong.