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Five of the world's worst insurance providers when it comes to covering coal attended the 2019 Annual Meeting in Davos and are likely to be there this year. They are AIG, Prudential, Sompo, Tokio Marine and Lloyd's. (3) Four of the five have not adopted any public policies to reduce their support for coal projects.
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2 days agoCoal is the country's dominant energy source with a 52 percent share in gross power generation as of December 2018, followed by renewable energy sources (geothermal, hydro, solar, and wind) with 22 percent and natural gas at 21 percent. Plans by the Philippines' Department of Energy to ramp up coal production from 23 million metric tons ...
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The Queensland Government approves mining leases for the $21.7 billion Carmichael coal mine and rail project in the Galilee Basin. State Mines Minister Dr Anthony Lynham approves the grant of three individual mining leases about 160 kilometres north-west of Clermont in central Queensland. Indigenous challenge to Adani Carmichael coal mine dismissed
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4 minute read Dec. 15, 2017. In a move that was roundly welcomed by environmental groups, National Australia Bank (NAB) on Thursday announced that it will stop financing new projects to mine thermal coal—that is, the coal used in power generation. NAB's decision, borne of a recognition that it has "an important role to play in the orderly ...
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Greenpeace Energy wants to buy Germany's RWE coal business, and to replace it with 8.2 GW of renewables Greenpeace operates a renewables-powered electricity retailer in Germany, in a Hamburg-based operation. It has proposed purchasing giant utility RWE's coal power plants and replace them with 8.2 GW of wind and solar power plants.
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Oct 7, 2021Reason 3: It's part of the most climate polluting project EVER proposed in Australia. Yep, you read that right. At a time when the world is shifting away from fossil fuels and winding back on carbon polluting coal and gas projects, Woodside thinks it's wise to build the most climate-polluting project EVER proposed in Australia, the Burrup Hub.
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Jun 17, 2022First discovered in 1791, Australia's vast coal deposits make it the world's second-largest exporter. It is also one of the top exporters of gas—mostly natural gas and gas exploited from coal seams.
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With the final environmental approval set to be announced today, the Adani Coal Mine is poised to serve as an "icebreaker" for up to six other mines in the Galilee Basin. If granted, this final approval is for groundwater management plan which will severely affect the quality of water for First Australians. Once again, profits over people.
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It made an audacious move to buy a massive coal mine in Australia - which soon faced environmental opposition, led by Greenpeace. Soon after its Australian acquisition, the group realised it had ...
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Prime Minister's decision wipes out plans to construct 70 large new coal power plants, in favour of gas, and renewables, such as wind and solar. Coal dropped from Vietnam's future energy plans ...
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Greenpeace had previously put in an offer for Vettenfall's divested interests. Earlier this month a fleet of nearly 200 kayaks and catamarans barricaded the harbour in Newcastle, to prevent the movement of coal from the port. Although peaceful, the protest resulted in the arrest of nearly 70 people.
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Sep 15, 2022The proposed Browse to NWS project could contribute to energy security in Western Australia and in the Asia Pacific region, with production capacity of 11.4-million tonnes per year. Greenpeace ...
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Indian mining giant Adani's controversial Carmichael coal mine has received a 're-approval' from the Australian government.. Environment minister Greg Hunt attached 36 conditions ...
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A new civil society alliance plans to accelerate the transition away from coal in the insurance sector. The alliance, which includes the Sierra Club, Friends of the Earth France and Greenpeace Switzerland among others, is asking insurers to adopt policies not to underwrite any new coal projects, to divest any assets from coal companies, and to ...
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According to the Greenpeace report the mines will actually only be completely developed and operate at full capacity if global demand for coal continues to grow strongly. So the fate of the climate...
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Oct 20, 2021An even bigger energy switch will be required in Queensland and NSW, where Rio's Boyne and Tomago smelters will be largely powered by coal until 2029 and 2028 respectively.
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Australia's biggest coal mine, the $16.5 billion Carmichael Coal and Rail Project in Queensland's Galilee Basin, has been given federal approval. Federal Environment Minister Greg Hunt said the ...
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Here's what you need to know this morning. Fears 'mega fire' could hit coal power station and mine. There are fears the Gospers Mountain "mega-fire" could burn through a coal power station and ...
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Researchers estimate pollution from coal-fired power stations causes alsmot 800 premature deaths a year. The figures are contained in a Greenpeace report the Australian Energy Council says is ...
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The mining is being fought by communities who are being displaced by those mines, by environmental groups because most of the coal is under forest as well, so forests have to be cleared. So there's a lot of opposition from tribal communities as well as environmental groups.
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Despite this looming crisis, there are plans for more than 1350 new coal plants expected to go online by 2025. Much of the proposed coal expansion is in already water stressed regions - regions that already have limited available water for sanitation, health and livelihoods. Countries where coal expansion overlaps with water scarcity
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Greenpeace plans on holding protests against Queensland's coal industry in Mackay, Airlie Beach and Townsville, and has said it will open the ship to the public when it arrives. In 2009, the Greenpeace ship Esperanza blocked the coal loading facility at Hay Point and activists climbed the facility and suspended themselves on ropes.
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Environment Minister Greg Hunt gave on Thursday conditional approval, based on 36 criteria, to the stalled project that is now back on track to become the biggest coal mine in Australia. Indian ...
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Jun 17, 2022When AGL tried to split off the most polluting parts of its business, green-minded tech billionaire Mike Cannon-Brookes sought to buy the company to stop the plan. His bid was rejected, but...
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Glencore will close the Tahmoor coal mine in 2019, as weak coal prices continue to hammer the industry. It began consultation with Tahmoor's workforce yesterday, and plans to shut the mine in early 2019. The move will affect around 350 workers, with staff at the site gradually reduced as Tahmoor winds down.
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The Masama Coal Mine has extracted roughly 39,000 tonnes of coal since July and aims to ramp up production to 100,000 tonnes per month of saleable coal by next year. The open cast mine and associated coal wash plant is located 60 km (37 miles) northwest of Botswana's capital Gaborone and was developed at a cost of 400 mn pula ($37 mn).
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June 2, 2014 - 3:57PM AAP A NEW group of Greenpeace activists have taken to the trees in the Leard State Forest in north west NSW to stop Whitehaven Coal clearing land during winter and endangering hibernating wildlife. Five Greenpeace activists were arrested on Sunday after a three-day protest in the treetops of the forest.
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Jul 10, 2022The Greenpeace analysis claims coal's place in the mix of global energy sources would decline by 36% at the end of 2015, with production hitting a 30 year low. The organisation cited China's clamping down on air pollution as the prime mover for the fall.
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Adani is in a weak financial position to execute such an ambitious project: with external equity market capitalization at only US$5.17bn against estimated net debt of $12bn, development costs for the Carmichael and Abbot Point T0 coal terminal projects are estimated at US$10bn.
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May 27, 2021All steel companies are investing in lower-carbon alternatives to the blast furnaces that require coal, and are expected to move beyond coal-based steel production within 15 to 20 years, developing...
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Greenpeace Energy plans to gradually take over the lignite mines and coal power plants of German utility RWE in the Rheinische Revier region of Western Germany from 2020, and shut them down by...
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Clemente has argued against coal divestment among universities, a declaration that puts him at odds with Penn State's energy plans. Clemente, who retired from teaching sociology in 2010 and is now professor emeritus, agreed to write a report and said that ten-page paper would cost $15,000. Clemente told his "sponsors" that "there is no ...
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It wants coal mining stopped altogether, an unlikely scenario since the Indonesian government expects domestic coal demand for power generation, currently around 73 million metric tons per year, to double by 2022. "We agree that everyone needs energy. But we don't want the energy to come from threatening the people, coming from land grabbing.
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NEW REPORT: ADANI'S US$7bn AUSTRALIAN COAL PROJECT UNVIABLE SYDNEY, 26 November 2013: A new report released today by US-based Institute for Energy Economics and Financial Analysis (IEEFA) — Remote Prospects: A financial analysis of Adani's coal gamble in Australia's Galilee Basin — warns investors the controversial 60 million tonne per annum Carmichael coal mine and infrastructure ...
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The rumour mills got further fillip when Australia's Environment Minister Greg Hunt extended his review of Adani's A$16.5 billion ($15.5 billion) Carmichael coal and rail project last month....
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The mine is to be the largest black coal mine in Australia, and burning its coal would result in annual greenhouse emissions of 120Mtpa CO2-e equivalent of almost 1/3 of Australia's total annual CO2 emissions (28%). The Galilee Basin is the largest untapped coal deposit on earth currently being proposed for development.
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Greenpeace is organising a campaign to raise $6 million to fund legal battles against controversial coal mining projects across Australia. Senior campaigner John Hepburn says the draft plan was leaked to the media but it has the support of community groups from one end of the country to the other. Listen 3m 18s
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"Greenpeace demands that no seabed mining applications are granted, and that no exploration or exploitation takes place, unless and until the full range of marine habitats, biodiversity and ecosystem functions are adequately protected," unless an institutional framework is in place.
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Facing losses up to $30 million in a six month window, the company has since abandoned any plans to build mines or facilities in Australia, shed its coal-to-liquids division and canceled plans to build a terminal on the Gulf Coast. It failed to attract the $70 million required to settle its lawsuit with Cloud Peak and buy out the Decker coal ...
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Jun 18, 2022His bid was rejected, but Cannon-Brookes successfully lobbied fellow investors to block the demerger, arguing it would hurt shareholders and delay coal-fired power station closures. Greenpeace Australia's chief executive David Ritter said AGL's experience was a lesson to listen to the call for climate action.
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