Toll is investing significantly in emissions-cutting technology, but the company's chief says he will push the Federal Government not to
Toll is investing significantly in emissions-cutting technology, but the company’s chief says he will push the Federal Government not to impose undue cost burden on the industry under emissions trading.
Paul Little outlined a raft of environmental initiatives at the company’s annual general meeting in Melbourne yesterday, advocating an “advanced focus on environment”.
But he also warned against an emissions trading scheme that will punish transport operators.
The company will “enhance” government lobbying on the issue to the Federal Government directly and through industry associations.
Little says he wants to “improve understanding of the real limitations and opportunities we face in responding to the cost impact of proposed emissions taxes”.
Ideally, he says Toll will not have to participate at all.
“As a matter of policy, our company has a clear preference to reduce emissions, rather than acquire and trade carbon credits,” Little told the AGM.
Toll reviewed its environment strategy mid-year, deciding to increase investment in alternative fuels and modern vehicle design to embrace ADR and European specifications.
Empty running has also been targeted, he says, along with energy-efficient designs for depots and offices.
Toll has begun testing the use of liquefied natural gas (LNG) and compressed natural gas (CNG) with promising results.
“An enhanced focus on operational efficiency has confirmed significant fuel savings can be achieved in this area,” he says.