Mr John Hannagan Australian chairman of aluminum giant Rusal has bluntly urged Mr Julia Gillard to suspend the introduction of the carbon tax in the absence of comparable international schemes, warning that it will push alumina refining to China and drive up global emissions.
Mr John Hannagan said that the carbon tax would cost Queensland Alumina Limited in which Rusal has 20% stake about USD 20 million in the first year of the operation of the carbon tax. This would be the equivalent of forgoing about 150 jobs.
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