Tag: Coal

India’s wicked problem: how to loosen its grip on coal while not abandoning the millions who depend on it

India is the world’s third largest emitter of greenhouse gases, and its transition to a low-carbon economy is crucial to meeting the goals of the Paris Agreement. But unfortunately, the nation is still clinging firmly to coal.

Source: India’s wicked problem: how to loosen its grip on coal while not abandoning the millions who depend on it

False prophets and snake oil will fail coal communities

Coal mining is in decline and its days are numbered. Pretending otherwise will not help miners and their families.

Joel Fitzgibbon is trying to walk both sides of the street on coal and climate. As everyone knows you can’t. This week the Labor member for the federal seat of Hunter asked whether his party had the “agility” to appeal to residents of progressive inner Sydney and Melbourne suburbs and resource-rich regions. Two-faced politics rarely succeeds, certainly not over time and on issues as serious as climate change.

Source: False prophets and snake oil will fail coal communities

To Win Back Support From Coal Miners, Labor Must Back a Green New Deal

The Australian Labor Party’s fossil fuel faction claims that Labor lost the Upper Hunter by-election because it didn’t back coal enthusiastically enough. But this strategy is the road to nowhere for workers and the ALP alike. To win back its lost supporters, the ALP must back a Green New Deal.

Source: To Win Back Support From Coal Miners, Labor Must Back a Green New Deal

Malcolm Turnbull lashes out at right-wing media over coal advocacy

Former Prime Minister Malcolm Turnbull has hit out at right-wing media outlets and former coalition colleagues for their advocacy for the fossil fuel sector, accusing them of fetishising coal.

Source: Malcolm Turnbull lashes out at right-wing media over coal advocacy

Crooked Consulting: EY and Deloitte spruik climate on one hand, the explosion in new coal projects on the other – Michael West

Australia is building a slew of new coal projects just as global demand for coal is in retreat. It’s justified by “independent expert” reports from the likes of Big Four firms Deloitte and EY. Luke Stacey and Michael West report on the flawed economics and compromised reports of the consultants.

Source: Crooked Consulting: EY and Deloitte spruik climate on one hand, the explosion in new coal projects on the other – Michael West

Old Dog Thought- The natural evolution of Capitalism is being played out before our very eyes as the market place is being swallowed up

Two Faced Facebook: how the digital giant lets Exxon, US companies, talk out both sides of their mouths

Fighting Fake News with REAL 20/4/21; Fossil Fuel Use Facebooks’ algorithms to spread their news. Morrison’s false messaging; Sky Sport is under threat.

Hydrogen Hype: Angus Taylor’s last throw of the dice for brown coal – Michael West

Hydrogen green washing

Energy Minister Angus Taylor’s plan to turn brown coal into a hydrogen export market to save the La Trobe Valley, which he described as a “significant project”, defies financial credibility, writes Brian Toohey.

Hydrogen Hype: Angus Taylor’s last throw of the dice for brown coal – Michael West

Solar just made Banks write off a Solar just made Banks write off a $1 bn. Australian Coal Plant as Worthless; What’s in Your Retirement Portfolio? bn. Australian Coal Plant as Worthless; What’s in Your Retirement Portfolio?

Daniel Mercer at the Australian Broadcasting Company reports that the newest coal-fired power plant in the country, the 10-year-old, nearly $1 bn. USD Bluewater facility, has been written off as worthless by its investors. Southwestern Australia has so much cheap solar energy that the coal plant’s prospects cratered, especially once it faced some supply problems. Mercer reports that financial analysts are predicting that there is going to be a lot of this sort of thing. In fact, if any of you has coal stocks in your retirement portfolio, I’d drop them like a hot potato.

Solar just made Banks write off a Solar just made Banks write off a $1 bn. Australian Coal Plant as Worthless; What’s in Your Retirement Portfolio? bn. Australian Coal Plant as Worthless; What’s in Your Retirement Portfolio?

Coal Deal in Distress: desperate Dalrymple’s dodgy debt dump – Michael West

Dalrymple Bay Infrastructure IPO

Brookfield’s make-up artists are hard at work. They’ve taken “coal” out of the title, hired every broker in town to flog the thing and, in the most telling move, are rushing to get the deal done before the end of the year. Michael West reports on the ASX float of Dalrymple Infrastructure, which looks set to siphon off Aussie cash to an offshore haven, with yield-hungry retirees paying the price.

Coal Deal in Distress: desperate Dalrymple’s dodgy debt dump – Michael West

Coal’s rapid decline won’t cripple future energy grid: COAG study

The Loy Yang coal power stations in the Latrobe Valley stations supply around half Victoria's energy. The ESB has found the rapid exit of coal over the next 20 years can be managed with minimal impacts if prudent reforms are put in place.

The future energy market can serve consumers well without big government subsidies despite the unprecedented disruption in the shift to renewables, said Energy Security Board (ESB) chair Dr Kerry Schott. The ESB is proposing a range of market reforms in a new study released for consultation on Monday.

Coal’s rapid decline won’t cripple future energy grid: COAG study

Australia cannot expect China to import and burn coal it no longer needs | Coal | The Guardian

Imported coal being unloaded in China's Jiangsu province

Scapegoating China for the loss of coal contracts (ODT)

We have to prepare for this shift and our policymakers need to stop misleading coalmining communities on the outlook

via Australia cannot expect China to import and burn coal it no longer needs | Coal | The Guardian

It feels like an upheaval, but precious little has changed

Flooding in Byron Bay earlier this month.

Marles refused even to offer a position on the inherent desirability of new coal-fired power stations, leaving Anthony Albanese to clean it up the next day by saying “I don’t think there’s a place for coal-fired power plants in Australia, full stop”. Now we learn of a group of some 20 pro-coal Labor MPs (including nine frontbenchers), calling themselves the OTIS group, meeting in secret without Albanese and with the aim of bringing Labor to a more coal-friendly position.

Whether this is merely an informal gathering or a more concerted lobbying attempt, it underscores Labor’s limitations on climate politics. This is a fifth of the party who probably see far greater political peril for Labor in distancing itself from coal than in making peace with it.
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So, politically, what exactly has this summer changed? The Coalition is still split on the issue, meaning that a serious climate policy is not an option because it will tear the government apart from within. Meanwhile, it’s unclear precisely where the current policy vacuum will hurt them electorally.

And Labor seems to agree enough with that assessment to continue to be spooked by the damage it sustained last year in coal-mining seats. It’s worth monitoring how this evolves from here, because right now, the signs are that this is the summer that changed everything in politics, except what really counts.

via It feels like an upheaval, but precious little has changed

Dear ScoMo: KFC employs more Australians than thermal coal sector

Definition of Cognitive Dissonance

To put that into perspective below are a few companies to contrast the total number of jobs created:

Coles 112,000
Woolworths 100,000
McDonalds 90,000
KFC 34,000
Thermal coal industry 29,000

But that isn’t what the Coalition is doing. Rather than offering a “Bush New Deal” to ensure its prosperity as it struggles to adapt to climate change and the drought, the Morrison Government is ensuring that Adani mine goes ahead, with a relative handful of jobs used as a justification.

via Dear ScoMo: KFC employs more Australians than thermal coal sector

Pull out or perish: behind Blackrock’s grand exit from coal – Michael West

While  LNP policy uncertainty is ensuring investment in the renewable’s boom is down by 56%  in Australia and coal subsidies and promotion are up the tide of the free market is running in the opposite direction. The LNP is openly conducting a market manipulation scam the equivalent of an insider trading rort. If Scotty from marketing were the CEO it’s time he got the sack and /or was charged. (ODT)

BlackRock, the world’s biggest fund, is quitting thermal coal. The move by the $10 trillion fund has stunned financial markets. Climate change and coal: while the people protest in the streets, progressive analysts such as IEEFA’s Buckley protest to global finance bosses. Tim Buckley, who had lobbied hard for the BlackRock exit, reports on the revolution in big money.

via Pull out or perish: behind Blackrock’s grand exit from coal – Michael West

Australia fires: coal industry causes long-term damage as bushfires cost businesses billions

Illustration: Matt Davidson

Let’s call it pollution, unprecedented CO2 pollution which has been increasing at an unprecedented rate and the warming of the planet. Like smoking causes cancer the statistical evidence and correlations are in. Australia has seen and is experiencing the effects of that warming with 9 of 10 record-breaking years this century and a fire season like no other predicted last century and scoffed at. The most significant voice heard in recent times was PM Tony Abbott declaring the science of global warming was “crap”. It cost him his seat of Warringah. Yet the LNP have still been treating the current unprecedented fires accordingly. To Morrison, Craig Kelly, Taylor and others it still is a purely “natural event” with policies in place capable of addressing it. and still claiming we will reach our global emission obligations in a “canter”. “It’s Time isn’t it?” as we are today the worlds biggest polluter with  a leadership ethically and morally in total denial. (ODT)

Australia fires: coal industry causes long-term damage as bushfires cost businesses billions

Climate change: Just 2 per cent of Britain’s power now comes from coal. In Australia, it’s more like 75 per cent

 

Coal-fired power plants are being phased out across the United Kingdom.

London: Renewable energy has overtaken fossil fuels to become Britain’s largest source of electricity in a historic shift that could signal the “beginning of the end” for coal across Europe.

National Grid data released on New Year’s Day revealed coal represented just 2.1 per cent of Britain’s overall electricity output in 2019.

By comparison, black and brown coal fuelled 74 per cent of Australia’s energy mix in 2018.

Climate change: Just 2 per cent of Britain’s power now comes from coal. In Australia, it’s more like 75 per cent

UN chief Antonio Guterres warns Asia to quit ‘addiction’ to coal as climate change threatens region – ABC News (Australian Broadcasting Corporation)

A shot of an active coal-fired power station near a residential area in China.

Key points:

UN chief Antonio Guterres told Asia it is “lagging behind” and said the rollback of coal could help curb rising global temperatures
Australia is the world’s biggest coal exporter
According to the Minerals Council of Australia, most of Australia’s coal production is sold overseas, and mainly to Asia

via UN chief Antonio Guterres warns Asia to quit ‘addiction’ to coal as climate change threatens region – ABC News (Australian Broadcasting Corporation)

Old Dog Thoughts – IPA news White Men claiming to be Victims of Race and Women,

Fast food worker Nyakim Nyong has experienced harassment from customers in the workplace.

Fighting Fake News with REAL,31/10/19; Can Coal go Green? Israel’s been forgotten; Women Speak Men hate it; White men aren’t victims;

Old Dog Thoughts- The Joker, White Face, Black Face, Egg Faced, Betrayal, Coal and the UK

Joaquin Phoenix plays the eponymous character in Todd Phillips' Joker.Image result for Andrew Bolt with egg on his face

Fighting Fake News with REAL;27/10/19; Melbourne’s pychiatric fruitcake in a suit egg faced; American gives the nod to it’s terrorist allies to kill Kurds; Britain’s once a Coal Kingdom is going Carbon Neutral;

Pacific Islands Forum: China’s climate pitch angers Australia, US

Illustration: Matt Golding

China might be using more coal but it’s making the greatest efforts not to. Leaving Australia out in the coal (ODT)

But his hard-line stance during negotiations angered some Pacific leaders, including Fijian Prime Minister Frank Bainimarama.

He said Australia’s position had weakened the Pacific’s position on the climate change, adding it was “disappointing that we could not achieve a unanimous consensus”.

“While there has been a great deal of agreement, it is clear that there are differences of opinion, emphasis and approach between the island nations and New Zealand, on the one hand, and Australia on the other,” he said.

Mr Bainimarama said he would make attempts to persuade Australia to make a more rapid transition from coal to energy sources that “do not contribute to climate change” when he visits next month.

via Pacific Islands Forum: China’s climate pitch angers Australia, US

‘Our paychecks bounced’: US workers in limbo as coalmines suddenly close | Business | The Guardian

A mother and daughter walk past a line of miners’ cars down Highway 421 in Harlan, Kentucky. Many questions about Blackjewel’s operations have not been answered.

TRUMP SAVING COAL. STRAIGHT OUT OF THE TRUMP BUSINESS HANDBOOK (ODT)

Blackjewel files for chapter 11 in a move critics say is increasingly used to avoid paying workers what they are owed

via ‘Our paychecks bounced’: US workers in limbo as coalmines suddenly close | Business | The Guardian