November 2009 Changes
There were a number of significant changes made to the scheme in November 2009 after Malcolm Turnbull negotiated with Prime Minister Kevin Rudd. These changes included large increases in compensation for polluting industries, including the coal and aluminium smelting industries. $4 billion was proposed for the manufacturing sector and $1.5 billion was proposed for electricity generators.
Read more about this topic: Australian Carbon Trading Scheme
Famous quotes containing the word november:
“During my administration the most unpleasant and perhaps most dramatic negotiations in which we participated were with the various leaders of Iran after the seizure of American hostages in November 1979. The Algerians were finally chosen as the only intermediaries who were considered trustworthy both by me and the Ayatollah Khomeini. After many aborted efforts, final success was achieved during my last few hours in the White House.”
—Jimmy Carter (James Earl Carter, Jr.)