NZ: Smelter threatens closure over Govt’s carbon scheme

The owners of the Tiwai Point aluminium smelter near Invercargill are threatening to close – which would put thousands of Kiwis out of work – and they are blaming the Government’s costly carbon emissions trading scheme.

The Asia Pacific head of owners Rio Tinto flew from Europe to Parliament today – to tell MPs if the bill is passed in its current form, the company will start the “path to closure”.

TV3