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BHP - Australia needs long-term energy policy

BHP Billiton chairman Jac Nasser has confirmed the view of many that Australia needs a long-term energy plicy that includes both nuclear power and a carbon tax.

Despite the Japanese nuclear crisis, the nuclear power industry has generally held and excellent record in terms of safety, carbon and environment for decades.

Mr Nasser said: ''I don't think you can rule out any form of clean energy power,'' he said. ''I think it is unusual for a country to be so heavily dependent on one form of energy source and not look at a broad range of energy mix."

Key points made were that any carbon tax must not compromise competitiveness for Australian businesses, and that any capital investment made must not be off the back of state or federal incentives, or predetermination.  Capital investment must be made a commercially sound basis.

 

 

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