Private brown coal, public liability? Doesn't sound right.
On the ABC News radio this morning (9 Sept 2012) we heard that private coal companies are demanding compensation for carbon trading costs from the Victorian Government and apparently this is being taken seriously!
All the brown coal stations in Victoria belonged to the State electricity Commission of Victoria until 1994 when they were privatised by Jeff Kennett.
Now the current government is saying that it may have to compensate brown coal producers for their not being able to use it because it is too polluting and will be too costly under the carbon trading system.
Do we require further proof of how corrupt and unproductive privatisation is?
What gives when a government not only sells off our assets but then somehow agrees to retain liability for business risks?
You would have thought that the private corporations would have assumed responsibility for the debt.
They have profited from the privatisation over the years and are now crying poor and demanding compensation!
How about making the parliamentarians who agreed to selling off these assets personally financially responsible for any such compensation?
We've known of the dangers of coal since the 18th century. Our leaders should be held responsible for getting us into this mess.