Coal rush ravages Indonesian Borneo

A coal rush that has drawn international miners to East Kalimantan province has ravaged the capital, Samarinda, which risks being swallowed up by mining if the exploitation of its deposits expands any further. Among London-listed companies active in Borneo are BHP...

Vedanta shares tumble on downgrade

London-listed mining and energy conglomerate Vedanta Resources has seen its share price tumble in morning trading, despite record oil and gas production. Vedanta, which has faced repeated criticism for its record on human rights, safety and the environment, was the...

EBRD joins other financial institutions in restricting coal lending

Press comment from CEE Bankwatch Network, KOSID and 350.org The European Bank for Reconstruction and Development (EBRD) approved today during a vote of its Board of Directors a new Energy Strategy. The document is meant to give guidance on how to strategically use the...