Intervention ahead of Finkel review by CEO of one of Australia’s largest manufacturers comes as Tony Abbott warns an LET would be a ‘big mistake’

One of Australia’s largest manufacturers, BlueScope Steel, has backed a proposal for a low emissions target (LET) as the best way to balance the objectives of affordable and reliable energy that meets emissions reduction targets.

BlueScope chief executive, Paul O’Malley, said the LET was a better option than an emissions intensity scheme (EIS) which would shut down coal power stations more quickly.

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