Home > RET crippling, will cost jobs, smelter operator claims

RET crippling, will cost jobs, smelter operator claims

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Aluminium company Boyne Smelters Limited has requested it be exempted from the Renewable Energy Target scheme, claiming jobs were at risk.

The Gladstone Observer reports that BSL’s general manager has said the $25 million a year it pays under the RET, which is under a federal government review, may be too much to bear.

As an aluminium smelter, BSL’s Joe Rae said it was “highly exposed” to the cost of the scheme. Under these costs it would be forced to sack workers.

"Indeed, after the current partial exemption the RET still costs BSL around $25 million per annum," The Observer reports him as saying.

"The continuation of these RET costs can only be offset by further reducing workforce and reducing capital expenditure."

Image: International Rivers 

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