TrustPower Chief Welcomes Carbon Tax Announcement

TrustPower Chief Welcomes Carbon Tax Announcement

TrustPower Chief Executive, Keith Tempest, has welcomed Government's announcement of further detail on Carbon Tax policy, saying the process will result in a stronger focus on sustainable development, and provide greater certainty for much needed new electricity generation investment.

"As a New Zealander I support moves to protect the environment and at the same time ensure that our natural resources are used appropriately for the benefit of the country as a whole."

"We recognise that any investment in economic activity is likely to have an environmental impact. However, a market that values some of the costs to the environment can only help encourage sustainable development and carbon taxes will result in a much stronger focus on doing things better. There are some costs associated with carbon tax, but I believe they will, in the long run, be far outweighed by the benefits of living in a cleaner environment with a reduced risk from the effects from climate change."

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