Be wary of carbon tax proposals

It appears that the CEO of BHP-Billiton Marius Kloppers is supporting the carbon tax. This ought to be reason enough to avoid certain stocks in Australia, or even foreign resources owned by Australian companies for the foreseeable future. The stocks I am talking about are:

1. Coal

2. Cement

3. Aluminium smelting

4. Coal seam methane

5. Power generation

6. Other energy intensive industries

See the following articles - one and two.

-----------------------------------

Andrew Sheldon www.sheldonthinks.com