MARKETS

Senate votes down carbon tax repeal legislation

The Senate has voted down legislation to axe the carbon tax following months of debate, after Lab...

Staff Reporter
Senate votes down carbon tax repeal legislation

The package of nine bills was put to a vote in the upper house this morning and was defeated 33 votes to 29.

"The Senate has rejected Tony Abbott's do-nothing approach on global warming and voted to maintain the price on pollution," Greens Leader Christine Milne said in a statement.

"Direct Action will be more expensive than the current market based mechanism and ineffective at reducing carbon pollution."

The government has been trying to pass the carbon tax repeal bills as a matter of priority since December but has faced an impasse in the Senate.

It will only be able to bring the legislation before parliament again in three months and if the legislation fails to pass once more, it would provide a trigger for a double dissolution election.

Earlier, the federal government had moved to reintroduce a bill to axe the Clean Energy Finance Corporation, which the Senate rejected last December (see Related Stories).

If the bill is voted down again, it would give the government a trigger to call an election of both houses of Parliament.

According to ABC news, Environment Minister Greg Hunt has said that he will "push ahead with a vote soon, including on the future of the CEFC".

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production