Congratulations to Australian Prime Minster Tony Abbott on his leadership to repeal the Carbon Tax, which cost an estimated $15 billion in economic impact to Australia’s economy and would save families an estimated at $550 per year.The government's decision to repeal the carbon tax is a lesson in leadership for the modern world: Australia has rejected policies that made energy scarce and expensive and has chosen to put its people first.
Australian citizens are paying among the highest energy prices in the developed world. The repeal of this tax is now expected to save the typical Australian family more than $550 a year.
Australian Prime Minister Tony Abbott said: "Today, the tax that you voted to get rid of is finally gone. A useless, destructive tax which damaged jobs, which hurt families' cost of living and which didn't actually help the environment is finally gone."
Affordable energy – largely fueled by advanced coal – is a fundamental building block for a healthy economy as we work to make the air cleaner every day.
Coal is Australia's second-largest export and essential for jobs and economic strength, contributing nearly $43 billion each year to the economy. Coal also is the world's fastest-growing major fuel, and a power source that is increasingly clean with today's advanced technologies.
We must focus on the very real human crisis felt by countless families globally who wrestle with the problem of putting food on the table or keeping their lights on.
Advanced Energy for Life is a public campaign put together by the Peabody Energy Corp., the world's largest private-sector coal company. - Editor.