View Full Version : Australia's Emissions trading will 'cost Ford millions

04-20-2009, 10:59 PM
Emissions trading will 'cost Ford millions'

Posted 3 hours ago

Ford Australia says it is concerned the Federal Government's emissions trading scheme will significantly increase its costs.

The Government wants to start the ETS scheme next year and and a Senate committee is considering how it would take shape.

Ford Australia says the proposed plan will increase energy costs by millions of dollars a year.

Ford has cut more than 1,000 jobs in recent times, blaming a lack of market demand and economic downturn.

It says competition will be affected by car imports from countries that do not have emission trading schemes - limiting local car makers' ability to raise their prices to offset higher costs.

The company says it acknowledges the science of climate change but wants to take a cautious approach to an emissions trading scheme.