I have a mate who is a senior Rio Tinto engineer, and his thoughts on the carbon tax and its affect on his industry would fill a page of 's.
I am sure RIO will be stuffed. How on earth are they going to survive on just $13.7bn net profit instead of the $14.2bn they are used to.
Reminds me of all the banks I worked for in London just after the post-9/11 downturn. Laying off thousands (each) so the could still have 8bn in profit instead of 7.5bn.
Cry me a river...