Story from Fox News. (H/T Thoughts Out Loud)
Excerpt:
Australia’s opposition Liberal Party will vote Tuesday on whether to dump its leader who has lost the confidence of much of the party for backing a government climate change policy.
The conservative Liberals have been in meltdown for the past week over the Carbon Pollution Reduction Scheme (CPRS) legislation drafted by Prime Minister Kevin Rudd’s center-left Labor government, The Australian reported.
Liberal leader Malcolm Turnbull has enthusiastically backed Labor’s proposed CPRS after the government agreed to a series of amendments that would make it friendlier to business.
The legislation includes an emissions trading scheme that would put a price on carbon emissions, a move critics say would unnecessarily hamper the Australian economy.
His position alienated the more conservative Right faction, leading to a week of blood-letting that will culminate Tuesday in a leadership vote.
The key figures in the drama remained locked in meetings Monday, with Members of Parliament (MPs) who have sought to terminate Turnbull’s leadership pressing opposition Treasury spokesman Joe Hockey to take over.
Hockey doesn’t sound that great either, but he would be a step up from Turnbull.
WINTERY KNIGHT 