Leaving Australia’s coal in the ground

Lizards Revenge

There are some reasons for why Australian Prime Minister Abbott might need to worry that the worst is about to happen in his eyes – that Australian coal might be left in the ground unsold. The first one is the US government announcing a plan to reduce emissions from their power sector by 30 per cent by 2030. The other piece of news was Reuters reporting that He Jiankun, a professor at Tsinghua University and deputy director of China’s Expert Committee on Climate Change, had said the Chinese Government would place an absolute cap on emissions in the next five-year plan. UK-linked companies mining coal in Australia include Anglo American, BHP Billiton, Glencore Xstrata and Rio Tinto.

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