Rio Tinto - "We are one of the world's major producers of thermal coal, used for electricity generation in power stations, and of coking coal for steel making."
HSBC Custody Nominees (Australia) Limited - Rio Tinto's largest shareholder with 19.45 percent of the issued share capital "...is listed as the number one shareholder for all of the Big Four Banks in Australia. It is a wholly owned subsidiary of HSBC Holdings Plc - You Know... HSBC BANK - Yes, that's right... HSBC Bank owns more than 10 percent of all of the big Four."
Mr Ralph oversaw business tax reform for the Howard government.
He's now retired from corporate life, but he says he's re-entered public
debate reluctantly because of the damage he believes the Government is
about to inflict on the Australian community with its planned resource
Carbon in itself is not a pollutant.
The Australian legislation is based on antiquated ignorant and plainly stupid ideology that has no part in today's world. All these polluting countries are laughing at Australia but it is boom time for Green Capitalist for derivative trading where the world’s greatest polluters are the winners.