Australia: Gillard Breaks With Tax Policies That Doomed Rudd

Cap and Trade lesson? “Gillard’s ascension to the nation’s top job was welcomed by BHP Billiton Ltd., Rio Tinto Group and Fortescue Metals Group Ltd., which had led the fight against the 40 percent so-called super-profits tax. Melbourne-based BHP, the world’s biggest mining company, said in a statement it was ‘encouraged’ by the appointment.”