Climate Change Fossil Fuels

Sasol warns of possible unintended carbon-tax consequences 11 March 2013.

The unintended consequences of South Africa’s proposal to introduce a carbon tax as from January 1, 2015, had to be analysed, Sasol CEO David Constable said on Monday.

Speaking following the release of the energy and chemical group’s interim results, Constable noted that South Africa would be joining a group of only three countries to have introduced carbon taxes and, therefore, urged the authorities to engage with stakeholders to “better understand the unintended consequences of what that means”.

The details of the tax proposal were likely to emerge later this month, when the National Treasury releases an updated policy paper…


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