Why? The bills proposed will be damaging to their businesses and to their nation.
It must be only a matter of time before New Zealand pulls back from implementation of its ETS.
Adolf's pick is that the gummint will wait until the last minute, allowing the head of steam to build further against the climate change conspiracy, before moving to repeal the obnoxious and damaging legislation. The trick is to do so in such a way that minimises a politically driven back lash against our exports to those countries where any old excuse is good enough for a phony trade barrier.
From the NZ Emmissions Unit Register:
31 May 2011
Deadline for meeting surrender
obligations either through the
surrender of units and/or paying
$25 for each unit that is required to
The first money for carbon credits appear to be due on the table in May 2011 so it seems as though there is a bit of time up our sleeves.