National Australia Bank becomes 14th global bank to rule out funding Queensland coal mine ‘that would dwarf Paris’; LG says it won’t buy the coal.
Carmichael coal mine
As Abbott govt pulls out all stops to get Adani mega-coal mine over the line, Qld treasurer says it’s ‘not the be-all and end-all’.
A letter from the climate change front line – the Pacific island nation of Kiribati – is calling for a global moratorium on new coal mine development. Meanwhile, in Australia, we have a government that champions coal, and an electricity market that’s still wedded to fossil fuels.
Report finds solar generation in India already cheaper than imported coal, as another banking giant – UK’s Standard Chartered – quits Australian coal mine.
A single dollar can buy an awful lot of coal assets these days – coal generators in Australia and Germany, a coal mine in Queensland, or a share in the biggest coal company. But as market forces turn, Tony Abbott and his government still just don’t get it.
If Abbott gets his way on Carmichael coal mine, it will not only be an environmental disaster, but the biggest economic disaster in Australia’s history.
Federal Court rules environment minister Greg Hunt failed to properly assess environmental impacts of proposed Carmichael coal mine in Queensland’s Galilee Basin.
Environment Minister Greg Hunt approves what many are describing as one of the world’s major “carbon bombs”.