BHP to benefit from scrapped carbon tax

BHP Billiton is one of the companies set to benefit from the discontinuation of the current carbon tax system in Australia that will make way for an emissions trading scheme originally planned to commence in July 2015.

Prime Minister Kevin Rudd has moved swiftly to fast track this scheme and has indicated that a full plan will be communicated in the next few days.The emissions trading scheme will replace that with a floating price, based on current EU carbon futures and is expected to be a positive development for major companies currently being impacted by the carbon tax.

The share price of BHP Billiton was largely unaffected this morning as the share trades slightly lower in Australian’s session and is currently lower in the South African JSE listing, but developments are undoubtedly of interest at this stage as the impact is expected to be considerable.

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CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.