Australian Power Bills To Double to Combat "Global Warming"

Australia consumers are finding out that it costs a lot of money to battle "Global Warming." Electric bills are expected to double and the country's leaders don't seem to care. Further, prices will be dictated overseas through a cap-and-trade system.

"The price of emissions in Australia will very likely be set in Europe. Australia is a price taker for commodities in all other global markets, and we will be a price taker in this global market as well."