The dispute between the government and London-listed Churchill Mining provides a short-term impetus for the end of investment treaties. Rio Tinto, BHP Billiton and Asia Resource Minerals (formerly Bumi) are also involved in Indonesia.
The UK’s EITI ‘multi-stakeholder group’, made up of representatives from UK government, extractive companies and citizens’ groups, has agreed to disclose the true, beneficial, owners of oil, gas and mining companies operating in the UK in its annual EITI reports.
The UK government plans to keep two deep coal mines open and save 1,300 jobs until 2015 with a £10m loan. Michael Fallon, the Minister of State for Energy, told the House of Commons that he made the move because the taxpayer would face “significant losses and liabilities” in the event of an immediate insolvency of the mines’ owner, UK Coal.
Nobel peace prize winner calls for organisations to cut ties with industry and for investors to dump fossil fuel stocks.
News of yesterday’s protest at the Barclays AGM by LMN member group WDM.
