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Tag: coal
Leading Australian pension fund ditches coal holdings
2014-10-09 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: An Australian pension fund worth $8 billion says it will ditch holdings in coal companies, branding climate change a very real investment risk. Local Government Super is one of Australias largest public sector funds, with 90,000 members, and is the first to publicly announce plans to divest from coal. In a statement, LGS chief executive Peter Lambert said the fund believed support for carbon intensive forms of energy like coal and oil from tar sands were no longer sound investments. With...
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australian
pension
India's GVK wins environmental permit for huge Australian coal mine
2014-10-09 07:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: India's GVK and Australian billionaire Gina Rinehart have secured an environmental permit to build their Alpha Coal project in Australia, moving it a step closer to signing off on a long-delayed $10 billion mine, rail and port project. The GVK Hancock joint venture still needs to finalize a plan with coal rail operator Aurizon Holdings, overcome legal challenges to the project, and sign coal sales agreements before lining up financing for the huge project. "Now that we have our Environmental Authority...
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environmental
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australian
Clean Coal Era Begins
2014-10-07 15:43:00| Climate Ark Climate Change & Global Warming Newsfeed
Scientific American: On October 2, the Boundary Dam power plant in Saskatchewan became the first full-sized coal-fired boiler to capture the copious carbon dioxide that had previously billowed from its smokestack, preventing the greenhouse gas from entering the atmosphere. On the resulting invisible stream of hot smoke ride the hopes of combating climate change while still burning fossil fuels. Such CO2 capture and storage (CCS) "is the only known technology that will enable us to continue to use fossil fuels and...
Court Blocks West Virginia Mountaintop Removal Coal Mine
2014-10-02 23:33:00| Climate Ark Climate Change & Global Warming Newsfeed
Environment News Service: A long court battle came to an end Tuesday when a federal judge upheld the U.S. Environmental Protection Agency's denial of a permit for a large, contentious mountaintop removal coal mine in Appalachia, the Spruce No. 1 Mine. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia found no merit in the coal industry's arguments that Mingo Logan coal company should be allowed to remove a West Virginia mountaintop to get at coal deposits and dump the waste soil and rock...
Tags: west
court
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virginia
How Big Coal Makes Us Sick
2014-10-02 21:29:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: More than 85 percent of Maryland`s residents live in areas where the air is unsafe to breathe. That`s a huge number! Maryland lags far behind other Eastern states in its use of state-of-the-art pollution controls for smog-forming pollutants from power plants, trailing even coal-heavy states like Alabama, Kentucky, Pennsylvania and West Virginia. Believe it or not, the state is home to some of the worst air quality on the East Coast. The good news is that the state has proposed new protections for...
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