10-Aug-2011 The Clean Energy Future could affect ASX100 Profitability

So far, business has been conspicuously quiet following the announcement of the Carbon Pricing Framework. The combined carbon tax liability of Australia’s top 100 companies (the ASX100), which collectively account for 24% of Australia’s emissions, would amount to $2.5 billion for a carbon price of $23 a tonne, as announced. On average profits over the last four years, that would mean an impact on net profit of 3.39%, and on current profitability the impact is only 2.69%, which most corporations can absorb. BUT…

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