China’s use of coal for electricity could peak as early as next year, then decline until 2020 in a turnaround of “global importance”.
China’s coal use dropped for the first time this century — while the country’s gross domestic product (GDP) actually grew.
In an audience with right wing commentator Andrew Bolt, Australia’s environment minister Greg Hunt says the left is “against electricity” and anyone opposed to coal mines is trying keep hundreds of millions of people in poverty. Not only does this just parrot extreme blogs and the coal lobby, it doesn’t make financial sense.
Environment Minister Greg Hunt approves what many are describing as one of the world’s major “carbon bombs”.
Rio Tinto is no longer really a diversified mining and energy conglomerate. It is now more than ever a giant iron ore mining company.
Aurizon is set to gamble billions of dollars of its investor’s funds in what is one of the world’s largest potentially stranded fossil fuel assets.