Japan pulling out of coal investment would be an ‘awful outcome’

Japan’s Ambassador to Australia Shingo Yamagami criticised the Queensland government’s new tax regime for coal miners – which proposed new higher coal mining royalties.

Mr Yamagami said key Japanese companies invested in the state’s coal industry have questioned whether Queensland will remain a “safe” place to invest.“And the fact that the Japanese Ambassador was prepared to make such strong statements indicates the depth of their feeling.”

Best thing for us all

LOL she thinks they will pull out because of a small tax increase Pull the other one

Japan’s Ambassador says the same, we shall see. 🤔

Why does she look so angry ?

Yeah! For the LiberalAus and their donors !

Add to the list of countries and corporations that know investment in coal is toxic.

Two-faced Liberals! Most of the damage to coal mine startup in QLD happened under Newman's LNP term! The LiberalAus are unelectable because they stand for NOTHING! Time for them to enshrine a party constitution that lays out their fundamental principles. Auspol

Sorry, this failed minister should not be allowed to give an opinion after nearly a decade of rorts and disasters.

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‘Widespread effects’ of royalty rate hike alarms Japan investmentThe State Govt. has been doing its best to destroy the coal industry for years, this is just another example. Good, It's a national commodity and all the profits end up overseas. Of course they're gonna play sour if they have to pay more Other mining countries in the world with much higher taxes seem to fare OK
Source: SkyNewsAust - 🏆 7. / 78 Read more »

‘Widespread effects’ of royalty rate hike alarms Japan investmentThe State Govt. has been doing its best to destroy the coal industry for years, this is just another example. Good, It's a national commodity and all the profits end up overseas. Of course they're gonna play sour if they have to pay more Other mining countries in the world with much higher taxes seem to fare OK
Source: SkyNewsAust - 🏆 7. / 78 Read more »