back to carbon taxes and kupe
Quote:
Originally Posted by
Ripping
Dunno what the specific rules are but as gas is pretty well the cleanest of the fossil fuels, in fact, the other end of the spectrum in comparison to coal, the liability would be minimal (in comparison).
And it would surely be up to the consumer of the fuel, not the provider, to pick up the tab for emissions ? i.e. Genesis, not Kupe JV.
wrt this, i've been doing a litte research and come across wikipedia, they always give a good write up. here goes an extract from http://en.wikipedia.org/wiki/Carbon_tax
"Natural gas
Emissions total 120.6 pounds of CO2 per thousand cubic feet, i.e., 60.3 tons per million cubic feet, so a tax of $100 per ton of CO2 translates to a tax of $6.03 per thousand cubic feet of natural gas[6]. At a price of between $4 and $10 per thousand cubic feet, a tax of $100 per ton of CO2 would raise natural gas prices by 60-150%.
For the purpose of looking at electricity generation: emissions total 117.08 pounds of CO2 per million BTUs[7], so a tax of $100 per ton of CO2 translates to a tax of $5.854 per million BTUs."
these figures though, are with pricing at 100 per ton (much higher than current, i've heard $30 a ton to be accurate) so these figures would be much less...not as bad as it seems.
How realistic is it to expect the NZOOD options in the money come June 2008?
I am not able to attend the next AGM.
Would anyone attendending please ask the question:
How realistic is it to expect the NZOOD options being in the money come June 2008?
And
If the share price is not around $ 1.50 or higher at that time, is there a plan to postpone the exercise date?
Thanks
OO