Resource projects stalling
ONE in five new resources projects are stalling because unions are refusing to strike workplace agreements, putting pressure on companies to accept exorbitant wage claims or risk damaging investor confidence in the $500 billion pipeline of potential projects. The other four resource projects are trying to work out how to pay the MRRT, how much the Carbon Tax will hurt them and whether they just should look at investing more overseas until this government is kicked out. Another 550 days could be just more than most bottom lines can stand. Just another day in a ALP/Green Earthian socialist utopia.