Rio Tinto (ASX:RIO) has slammed the federal government’s carbon tax proposal.
The miner has come out today with claims that the tax would hinder investment and jobs growth, and won’t do anything to reduce carbon emissions.
In a statement to the ASX, Rio said a tax on carbon would also undermine our nation’s competitiveness, hurt exporters, and leave the export sector at a disadvantage on an international scale.
The company’s managing director for Australia, David Peever, said it was crucial that Australia’s contribution to the global effort is in proportion to action being taken by overseas trading rivals.
For the second half of last year, Rio Tinto (ASX:RIO) reported a profit of $14.9 billion.
