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To have a realistic chance of staying below even 2 0 C means that no new fossil fuel projects can be built globally, coal, oil or gas, and that existing operations, particularly coal, have to be ...
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CANBERRA, Australia (AP) — The Australian government said Wednesday it is confident its greenhouse gas reduction target will be enshrined in law after negotiating amendments with senators from ...
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Oct 22, 2021Coal exports totalled A$55bn (£29bn; $40bn) last year, but most of this wealth was kept by mining companies. Less than a tenth went to Australia directly - that's about 1% of national revenue. The...
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Sep. 27, 2012: The US EPA has confirmed a new USGS report published today supports an earlier study that groundwater near a Wyoming town may contain chemicals associated with fracking. Oct. 2, 2012: A reort by the US EPA has found evidence fracking for natural gas contaminated groundwater in Pennsylvania. A study, conducted by scientists at Duke University and California State Polytechnic ...
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The bank said it would next year announce a science-based target for coal-fired power in line with capping global warming at 1.5 degrees Celsius (2.7 Fahrenheit) above pre-industrial averages ...
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In a frontpage story, the Financial Times reports that Glencore - the world's largest mining company - has seen its profits more than double to a record in the first half of the year on the back of surging coal prices. The firm's profits of $18.9bn for the first six months were up 119% from a year earlier, the paper says, beating its previous half-year record and coming in higher than ...
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Aug 10, 2017BY SCOTT TINKER -- The ideology being thrust on the public that some energy is good and other energy is bad is cunning. But in reality, keeping 85% of the world's energy in the ground would ...
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The Hunter region, just north of Sydney, is Australia's largest regional economy, and it is dominated by coal mining. It produces most of the 160 million tonnes of coal which is exported from Newcastle to Japan, South Korea, China, and Taiwan annually. At the heart of Hunter Valley, roughly two out of every five jobs are in the mining industry.
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Employees warn that there's an actual danger of coal stocks catching fire, causing even more pollution in a respiratory pandemic. India's ash dams are running out of space to store coal waste.
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Australia, the world's second-largest exporter of coal behind Indonesia, shipped about A$40bn of the fuel in 2014. The sector employs 50,000 people directly and a further 150,000 in related...
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Jan 22, 2020The U. S. Energy Information Administration recently published a forecast of global electricity generation, headlined with, ".less than a quarter of the world's electricity generated from ...
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Despite 29% of Australians identifying climate change as their top ballot box issue—up from just 9% in 2016—Scott Morrison's climate-denying Liberal-National Coalition eked out a victory in a weekend election that the opposition Labor Party was widely expected to win. "Do not despair, do not retreat. Continue your work, with objectivity, integrity and dedication," tweeted a defiant ...
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Jun 17, 2022The approach may quell dissent from the coal and gas industry, used to getting its way after a decade of conservative governments. But it could cause economic turmoil, with central bank analysts...
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SYDNEY, Feb 20 (Reuters) - As bushfires and floods fuel public concerns in Australia about global warming, the country's powerful mining lobby is facing increasing pressure from investors to drop ...
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Feb 24, 2021Perhaps most ambitiously, AXA has committed to reduce the warming potential of its portfolios to 1.5°C by 2050. Yet all of these efforts, some pursued for years, have barely budged the ...
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A handful of EU countries have been left to pick up the pieces after the US pulled out of the 2015 Iran nuclear deal last week. While European leaders remain hopeful they will be able to use ...
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Role of banks. Banks must play a key role in tackling the climate emergency. Despite all the rhetoric coming from banks committing to become net zero by 2050, trillions of dollars in bank finance still keeps the coal, oil and gas industry that is at the heart of the crisis afloat, and even helps expand it. No climate commitment of any bank is ...
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The World Bank's assessment is that production of minerals like graphite, lithium and cobalt could increase by as much as 500% by 2050 to meet demand for the clean energy transition. Yet the report also notes that mining for "low carbon technologies" will only generate 6% of the carbon emissions of fossil fuel technologies - a ...
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Physics can impose a bracing clarity on the normally murky world of politics. It can make things simple. Not easy, but simple. We have to attack this pr
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This doesn't account for land used to mine coal or nuclear fuel, assuming the nuclear fuel is mined and not recycled. ... Don't make the mistake of confusing cooling water with potable water. They are not the same. ... In fact, that agency, the Export-Import Bank of the United States (Ex-Im Bank), was reauthorized by a large majority of ...
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Employees warn that there's an actual danger of coal stocks catching fire, causing even more pollution in a respiratory pandemic. India's ash dams are running out of space to store coal waste.
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Sep 5, 2021Former Queensland Senator Ron Boswell, who appeared at a hearing on Friday, said insurers who refused to provide funding to creditworthy coal and supplier businesses should be reported to the country's consumer watchdog. Mr St Baker, who has interests in both coal and renewable projects, said "if you can't insure, you can't stay in business".
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A joint open letter published by nine leading Australian scientists on Friday pleads for banks and investors to play no part in facilitating the development of the Queensland basin, warning of...
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Holding back no punches at this year's New Orleans Investment conference, Doug Casey of Casey Research blasted the Federal Reserve for cutting interest three times in four months. "It's ...
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Bank of England governor Mark Carney is set to make a new intervention on the financial security of fossil fuel assets in late October, RTCC understands. Organised by a group of leading philanthropic foundations, the event Carney is to speak at will be focused on the danger that billions of dollars of oil, gas and coal investments will be ...
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Jun 17, 2022The sticking point for the Greens, Bandt told AFP, was that the government had pledged support for 114 new coal and gas projects already in Australia's investment pipeline.
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The Carmichael coal mine project is located in Australia's North Galilee Basin, in central Queensland. The open-cut mine is owned and operated by the Indian conglomerate Adani, which renamed its Australian arm to Bravus Mining and Resources in late 2020. The mine has the production approval for 60 million tonnes of thermal coal per year, but in 2018 this goal was scaled down to 10 million ...
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In Australia, as the world's largest exporter of coal (World Coal Association, 2012), the continued mining of coal ensures job security for many and growth of the economy. The Australian coal industry employs over 150,000 people - 40,000 who are directly involved in mining activities and 120,000 who are indirectly associated through the ...
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The Glasgow Financial Alliance for Net Zero brought together insurers, banks, asset managers and other sub-sectors of the finance industry representing more than $130 trillion in assets. They are looking at the need for an estimated $100 trillion in climate finance over the next three decades. Ms Reynolds said Australia needed to start looking ...
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IT is an understatement to say that the past decade has been a good time to be in the business of exporting resources.
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Discussion Questions Lessons. 2022-08-29: Big rise in rates of depression among students. 2022-08-25: 'Poo-nami' of raw sewage hits English beaches. 2022-08-22: Airplane pilots fall asleep instead of landing. 2022-08-18: Why thinking makes us feel tired. 2022-08-15: 'Warm banks' spread in UK as heating costs rise.
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Feb 16, 2021Key points: The Clean Energy Finance Corporation has $10 billion to invest in projects that help Australia transition to lower emissions Barnaby Joyce put forward an amendment to the CEFC legislation that would let it to invest in "low emissions coal-fired power" He said he had "no problems" with the "logical" path to cleaner energy
Get priceAustralian floods spark evacuations. Share. Brisbane - Authorities urged thousands of people to leave the outskirts of Australia's third-largest city, Brisbane, on Tuesday as floodwaters raced eastwards after a surging 2m wall of water killed nine people overnight. Cars and pedestrians were swept away on Monday night when a "super rainstorm ...
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Jan 5, 2020The U.S. and the euro area face daunting economic challenges in a world of low inflation and interest rates and central banks alone don't have the tools to cope.
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The Australian company proposing a $700-million new open-pit coal mine for southern Alberta says swift regulatory approval of its project would bring much-needed foreign investment to the Canadian...
Get priceOct 29, 2020News. ANZ Bank has become the last of the Australia's "big four" banks to say it will stop financing new thermal coal projects, the Financial Times reports, adding that the move will force mining projects in the country to turn to foreign lenders. ANZ will immediately cease funding new projects, the FT says, with lending to existing coal ...
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Apr 24, 2021This week, the banking regulator APRA issued draft guidance to the finance sector, warning of the "unprecedented" and "far-reaching" impact of climate risks to all parts of the financial system. So pressure is now building on the big end of town to clearly identify the threats it faces from global warming, and what boardrooms intend to do about it.
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Jun 17, 2022(Bloomberg) -- Australia's coal mines cause more planetary warming in a typical year than emissions from all of the country's cars. If Prime Minister Anthony Albanese wants to meet tougher climate targets, he'll need to fix that.
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Norway prolongs coal mining at Svalbard until 2025 The Independent Barents Observer 10:48 2-Sept-22. Hawaii closes last coal-fired power plant, no more greenhouse gas emissions now Hindustan Times 10:22 2-Sept-22. Air Pollution Kills Millions Every Year: Action Needed Inter Press Service News Agency 09:06 2-Sept-22.
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Commodities giant Glencore Plc reported core earnings from its coal unit surged almost 900% to $8.9 billion in the first half — more than Starbucks Corp. or Nike Inc. made in an entire year. No ...
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