Just a few pages of 'The Corporation' will illustrate Direct Action's weaknesses

R

ead Joel Bakan’s “The Corporation” and it will be evident within pages that this will simply not work.

Tony Wood, energy program
director with
 the Grattan Institute.

Our power companies that respond, without question, to the fundamentals of corporations and that is that their first and only responsibility is to make a profit for shareholders.

The social and environmental needs of the communities they serve barely make it onto the agenda.

An ABC story - “Top polluters to set own limits virtually penalty free, according to Direct Action policy paper” – reports that “Australia's 140 top polluters will set their own limits for future pollution virtually penalty free, according to the Government's latest Direct Action policy paper.”

The story reports that Grattan Institute energy program director Tony Wood said the ideas proposed in the paper simply would not work.

"The safeguard mechanism was always a critical element of the Direct Action plan, but there is nothing in this safeguard mechanism that puts any absolute limit on a whole range of sectors," he said.