The Herald editorial this morning calling for mining DoC land: “That resource represents wealth which this country is in little position to ignore. Such is especially the case when the value of gold is particularly high, as is usually so in recessionary times.”
Nick Smith on why the ETS needs to be gutted: “we’re in the middle of a recession”
Any mining that takes place won’t get underway until after years of surveys, planning, applications, court cases. The ETS is coming gradually into effect. The biggest emitting sector, agriculture, doesn’t come in until 2013.
The economists think that the recession either is over or will be over by the end of the year. It’s not a basis for policy coming into effect years into the future.