No extra compensation, ACA

According to the coal industry body, speculation the Federal Government will offer the coal industry an extra $500 million in compensation as part of the carbon pollution reduction scheme is untrue.

Media speculation the Federal Government will offer the coal industry an extra $500 million in compensation instead of allowing it free permits as part of the carbon pollution reduction scheme is untrue, an Australian Coal Association (ACA) spokesperson told MINING DAILY.

“We have been given no indication that the government will increase the existing $750 million package,” the spokesperson said.

Recent reports have suggested that the Government has a funding reserve of $500 million it plans to use to bring coal exporters on side with its carbon scheme.

The ACA maintains that coal should be considered an emissions-intensive, trade exposed industry.

“Our positioned is unchanged,” the ACA spokesperson said.

Coal industry representatives will today meet with Climate Change Parliamentary Secretary, Greg Combet, to discuss new legislation regarding assistance.

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