je.st
news
In age of climate change, Australia's vast coal fields could become worthless
2013-07-02 18:24:00| Climate Ark Climate Change & Global Warming Newsfeed
The Guardian: Australia's huge coal industry is a speculative bubble ripe for financial implosion if the world's governments fulfill their agreement to act on climate change, according to a new report. The warning that much of the nation's coal reserves will become worthless as the world hits carbon emission limits comes after banking giant Citi also warned Australian investors that fossil fuel companies could do little to avoid the future loss of value. Australia is already the globe's biggest coal exporter...
Tags: change
age
fields
vast
Category:Electronics and Electrical