Mining: the lifeblood of the Coast’s economy
We are fortunate on the coast to have an enviable mineral resource that underpins our economy. Coasters Weekly continues its series on this most vital industry.
Could you continue to run a small Coast-based horticultural business using coal as your heat source?
The minerals industry is very concerned that Government decisions regarding the Emissions Trading Scheme (ETS) pushed carbon prices up 28% in a recent eight-day trading window. The industry believes this increase must be reversed as such a price hike will hit every family that buys food and heats their home using coal.
Coasters Weekly editor Bruce Smith talks with Pattrick Phelps, CE Minerals West Coast, about the impact of the ETS on the price of coal and on the cost and supply of our food.
Patrick Phelps manager Minerals West Coast.
COULD YOU CONTINUE TO RUN A SMALL COAST BASED HORTOCULTURE BUSINESS USING COAL AS YOUR HEAT SOURCE?WILL THE ETS PUT UP THE PRICE OF COAL ?BREAKING NEWS:Today 11:00am – Government decisions that have pushed carbon prices up 28 per cent in eight days of trading must be reversed, says the minerals industry.I get to ask Patrick Phelps the manager of Minerals West Coast his views on the ETS trading scheme and the latest price hikes.This will hit every family that buys food and heats their home using Coal.Thursday – Carbon hit new record prices yesterday, with forward units now more expensive than the unofficial $35 price cap.Coal companies want carbon price slashed to avoid the increased costs being dumped on Coasters and the rest of New Zealand.
Posted by The Coasters Club on Thursday, June 11, 2020