peter spencer

Exclusive to Crikey – Possibly the greatest  Scandal of this decade “Carbongate” – the theft of billions of dollars in Carbon Credits.

" . . . The Howard Government . . . set about having the Carr and Beattie State Labor Governments introduce  Vegetation Management laws that effectively locked up 109 million hectares of privately owned land into the world’s largest privately owned carbon sink. The “trick’ is with the Native Vegetation laws being passed by State Governments. Under the Constitution the State Governments have no obligation to pay private landholders compensation. Brilliant, they’d created the world’s largest carbon sink – at no cost to the Commonwealth.  . . . . "