The WSJ editors opine on yesterday’s news from Down Under:

A Global Warming Revolt — A carbon tax faces new opposition.
The global revolt keeps building against carbon cap and trade, not that you’d know it from the U.S. media. First the U.S. Senate postpones its bill, next countries meeting in Copenhagen this month can’t agree on emissions cuts, then emails among climate scientists reveal rigged peer-review, and now comes a political uprising in Australia that may doom a carbon tax down under.
Australian Prime Minister Kevin Rudd has made a sweeping cap-and-trade bill the centerpiece of his legislative agenda, and for two years his climate alarmism has gone almost unchallenged. The conservative Liberal Party, which embraced a cap-and-tax scheme before losing the 2007 election, first said it would oppose any legislation that hurt the economy.
Then last week, under then-party leader Malcolm Turnbull, the Liberals threw in with Mr. Rudd and agreed to carve out as many handouts as possible for big business. Given that Australia accounts for only 1.5% of global emissions, the bill would pile on economic costs with no environmental benefit.
The conservative wing of the party revolted on Thursday, with six MPs stepping down from the front bench in protest — an unprecedented event in the Liberal Party’s more than 50-year history. And yesterday the party ousted Mr. Turnbull as party leader in favor of Tony Abbott, an MP from Sydney.

The rest here.