Climate Action Network Europe estimates pollution from the coal industry imposes costs of between US$23.7 billion and US$68 billion from the premature death of about 23,000 people a year. Poland, Germany, the United Kingdom, Romania and the Czech Republic experienced the greatest burdens of pollution.
With only months to go before the COP21 climate summit in Paris, rich nations are still squabbling on how – and more importantly if – they can kick the coal subsidy habit.
Banktrack has just published the latest additions to their series of coal bank briefings, and it’s a triple whammy of information assessing the coal finance and associated policies of the UK’s three biggest banks: Barclays, HSBC and RBS.
On the same day that President Jacob Zuma was holding high-level discussions with mine bosses and other roleplayers, Parliament adopted a motion that describes the controversial mining company Lonmin as “corrupt to the core”.
Anglo American has announced a $330 million deal with the country’s top gold producer Sibanye that will allow it to offload three of its loss-making platinum mines in South Africa.
