Big business has given the Rudd Government a blunt warning that it could ruin the economy if it botches its climate-change response.
And it is telling consumers that Australian electricity prices are too low, insisting that state-based caps on power bills be removed.
The nation's top CEOs say a poorly designed or rushed emissions trading scheme could slash investment, send businesses to the wall, cut growth and put workers out of jobs. In a major speech yesterday, Business Council of Australia president Greig Gailey said getting the ETS right was the Government's most important first-term decision.
He said business should not be forced to carry the planned higher costs of carbon emissions.
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