Treasurer Chris Bowen has announced Australia will move to a floating carbon price from July next year, with many businesses currently paying a fixed $24.15 per tonne of carbon set to move to a market-based price of between $6 and $10 per tonne.
However, the Minerals Council of Australia and the Australian Petroleum Production and Exploration Association say the move does not go far enough to alleviate the concerns of the resource and energy sectors.
“While the move to a floating price may represent a short-term lowering of the price facing liable entities, Australia is still imposing a cost on its gas export industry that will not be borne by any of its LNG competitors,” APPEA spokesman Michael Bradley says.
Vodafone unveils controversial new ad campaign
Vodafone chief marketing officer Kim Clarke has unveiled a new advertising campaign aimed at restoring consumer confidence in the troubled telco, after losses of around $1.2 billion and a million customers abandoning the carrier in 2011 and 2012.
The controversial ad campaign, aimed at presenting a company “more confident” with its network, shows a heartbroken teenager waiting for a call from a love interest who never calls, with the tagline, “If you don’t get that call, it’s probably not our network.”
“We’ve pretty much had our heads down and bums up for the first half of this year, focusing on the network and the experience we’re providing our customers. What you’re seeing now for the first time is an outward expression of that confidence. And the only reason we’re able to do this is because we can see what our customers are experiencing,” Clarke says.
New concerns about Boeing’s 787 Dreamliner after yet another fire
New safety questions have emerged following a fire aboard an Ethiopian Airlines Boeing 787 Dreamliner at London’s Heathrow Airport over the weekend, following a technical fault aboard a TUI Travel-owned Thomson Airways plane.
“We want to reassure our customers that we have every confidence in this aircraft and would never operate it if we weren’t 100% sure of its safety,” a TUI Travel spokesperson says.
A number of airlines set to take orders of the troubled jumbo jets, including Virgin Atlantic, remain committed to their orders of the troubled jets as Boeing reassures airlines, investors and shareholders of its safety.
The Dow Jones Industrial Average closed up 0.02% to 15464.3. The Aussie dollar is up to US90.81 cents.