New Zealand May go Bust over Global Warming Scam

No country in the world would risk as much for “global warming” as New Zealand if it goes ahead with the cap-and-trade energy taxation installed by Helen Clarke’s now-departed Labour Government.

Based on U.S. and Australian “discussions,” a 500-cow dairy might have to pay $250,000 per year for cattle emissions and manure handling permits, plus a hefty increase in its costs for low-carbon electricity and diesel. An Argentine dairy would pay none of these increased costs—and every dollar of cost differential would be a further incentive for Argentine dairymen to expand their exports at the expense of New Zealand.

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