New analysis from Carbon Tracker shows how the growing number of coal mining companies listing in London exposes the financial market to a significant systemic risk. Investors tracking the FTSE AllShare Index are facing increasing …
Read more
London Stock Exchange – occupied by coal
Is Europe’s carbon trading scheme merely hot air?
Using “the market” as a means to absolutely reduce global greenhouse gas emissions has long been criticised as “pie in the sky” (and not a particularly clean pie at that). Now, in order to “prop …
Read more
Cheap and green energy for miners
It may seem somewhat audacious for a company with a market value of $16 million to propose a world-leading energy project nearly one hundred times its value. But, says Petratherm managing director Terry Kallis, if …
Read more
Who needs coal? Who needs nuclear?
It seems to be a “Hobson’s choice” par excellence! As global climate change talks continued in Durban, South Africa’s leadership was faced with a “conundrum” – does the country continue burning-up the world by depending …
Read more
UK secretly helping Canada push its oil sands project
The UK government has been giving secret support at the very highest levels to Canada’s campaign against European penalties on its highly polluting tar sands fuel, the Guardian can reveal.
At the same time, the …
Read more
Mining companies hold back progress on climate change
The world’s biggest steel producer, ArcelorMittal, and global miner, BHP Billiton, are among companies “block[ing] progress on climate legislation”, while they “ensure that fossil fuel and nuclear subsidies continue to give unfair advantage to …
Read more
New reports question World Bank’s coal investments
As the climate talks in South Africa approached, the World Bank continued to be overshadowed by past and prospective loans for fossil-fuel power plants.
See
http://www.minesandcommunities.org/article.php?a=11332&l=1
BHP Billiton – Dirty Energy
BHP Billiton holds its Australian AGM on Thursday 17 November. A coalition of organisations including London Mining Network has produced an ‘alternative annual report’: BHP Billiton – Dirty Energy.
To read the alternative report, …
Read more
Australia Passes Landmark Carbon Price Laws
Australia passed landmark laws last week to impose a price on carbon emissions in one of the biggest economic reforms in a decade and injecting new impetus into December’s global climate talks in South Africa.…
Read more
Anglo American may pull investments, jobs
In a move intended to pressure the Australian federal government to revise the proposed carbon tax, global miner Anglo American has threatened to withhold over $15 billion in coal mining investments and curtail 3,200 new …
Read more