In January 2011 I checked out the sharemarket performance of seven ‘green’ companies on the ASX. Their performance had not been very good.
GEODYNAMICS LIMITED GDY
GREEN INVEST LIMITED GNV
GREEN ROCK ENERGY LIMITED GRK
GREENCAP LIMITED GCG
GREENEARTH ENERGY LIMITED GER
GREENPOWER ENERGY LIMITED GPP
CARBON CONSCIOUS LIMITED CCF
A year later I checked again, results still poor.
Here we are mid July 2013 – our new PM has just announced he will axe the Carbon Tax in favour of an ETS – let’s have another look at the seven green companies –

as my Table shows all show substantial falls in their share price in the three and a half years since January 2010.

I am putting this up in the hope people will send in links to articles which will hopefully explain the economic effects of the C Tax and now these planned huge changes.

As a starter Wattsupwiththat carries this article – Australia’s carbon tax – an expensive sop to the Greens?
I am curious to find out to what extent the C Tax is a giant money-go-round – “big puhlluders pay tax to govt while Govt compensates big puhlluders”.
No doubt our power bills increased but to what extent were they increasing anyway due to years of bringing in a raft of expensive and inefficient Green electricity schemes.

I see Andrew Bolt has – Rudd cools on global warming. To cut the carbon tax – AB will have a lot on this over time – also Catallaxy.
I like the quote from the AB blog – “All crap, from a party of liars.” Sort of quickly and neatly sums up the six years of Labor and GreenLabor for me.
Dr Alan Moran of the IPA has just sent in this address from last month.
Address to Rally “Stop These Things” Canberra 18 June Alan Moran, IPA
Continue reading New Australian Prime Minister Kevin Rudd now replacing Carbon Tax with emissions trading scheme or ETS →

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