Posts tagged "climate change"

London Stock Exchange – occupied by coal

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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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Coal study names top 20 ‘climate killer’ banks

Barclays, the Royal Bank of Scotland and HSBC are among the top banks that have lent billions of euros to the coal sector – despite their much-vaunted environmental credentials, a new investigation has found.

See …
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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

 …
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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, …
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Climate Vulnerable Forum Declaration adopted

Nineteen climate vulnerable countries have signed the Climate Vulnerable Forum 2011 Dhaka Declaration: Afghanistan, Bangladesh, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Philippines, Rwanda, Saint Lucia, Tanzania, Timor-Leste, Tuvalu, Vanuatu and …
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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.…
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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 …
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