Hazelwood's profits jump 40 percent
Submitted by Flowerpower on Tue, 16/03/2010 - 9:25pmIn another indication of the sorry state of climate politics in this country - the dirtiest power plant in the industrialized world run at near capacity last year boosting profits for British Multi-national - International Power - by 40%. They made $387 million from belching carbon into the atmosphere. The Victorian Government increased Hazelwood's life from its scheduled shut down in 2009 until 2031. Why would the private operators shut up shop when they are carrying off hundreds of millions of dollars in annual profits.