Australian power generators have threatened legal action if the government does not dramatically increase the level of compensation in its proposed carbon emissions trading scheme.

The government hopes this week to have its amended carbon trading proposal passed into law, ahead of next month's Copenhagen summit on climate change. Canberra is locked in late-stage talks with the opposition Liberal party, which blocked the original emissions plan's passage earlier this year over increasing compensation for the generators after agreeing to exclude agriculture for an extended period.

Source: CNN

To read the full article, click here.