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''Half world’s fossil fuel assets could become worthless by 2036 in net zero transition''It's already happening.https://www.theguardian.com/environment/ng-interactive/2021/nov/04/fossil-fuel-assets-worthless-2036-net-zero-transitionThe government has known this has been coming for how long?''Up to 80 workers at New South Wales' largest coal mine have been ordered by BHP to accept transfers to interstate mines or resign from their positions.''MELBOURNE, April 30 (Reuters) - As BHP Group (BHP.AX) looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate conscious investors who want divergent paths and that's even before getting to the tough task of finding a buyer.The world’s largest miner has been in talks with stakeholders on its plans to divest the Mt. Arthur thermal coal mine, its stake in a steel-making coal project with Japan's Mitsui (8031.T) and a stake in a thermal coal mine in Colombia.Some large shareholders are pushing the miner to exit immediately while other investors want a slower exit, to ensure the mine is wound down responsibly''https://www.abc.net.au/news/2021-09-16/bhp-tells-miners-in-nsw-hunter-valley-move-interstate-or-resign/100460530
Quote from: SydneyRover on November 04, 2021, 10:13:21 pm''Half world’s fossil fuel assets could become worthless by 2036 in net zero transition''It's already happening.https://www.theguardian.com/environment/ng-interactive/2021/nov/04/fossil-fuel-assets-worthless-2036-net-zero-transitionThe government has known this has been coming for how long?''Up to 80 workers at New South Wales' largest coal mine have been ordered by BHP to accept transfers to interstate mines or resign from their positions.''MELBOURNE, April 30 (Reuters) - As BHP Group (BHP.AX) looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate conscious investors who want divergent paths and that's even before getting to the tough task of finding a buyer.The world’s largest miner has been in talks with stakeholders on its plans to divest the Mt. Arthur thermal coal mine, its stake in a steel-making coal project with Japan's Mitsui (8031.T) and a stake in a thermal coal mine in Colombia.Some large shareholders are pushing the miner to exit immediately while other investors want a slower exit, to ensure the mine is wound down responsibly''https://www.abc.net.au/news/2021-09-16/bhp-tells-miners-in-nsw-hunter-valley-move-interstate-or-resign/100460530Veru god Sydders, this is why your adoptive country has joined into a coaltion with the likes of China ,India and U.S, so you Ausies can carry on export ing $90 Billion AUS every year for a further 30 years, Ya dirty polluter!
The experts are predicting the reality of cop26 is that the world is going to suffer 2.4 degree raise in ave temp. An utterly catastrophic legacy we leave for future generations.And the crazy irony is that India is against phasing out coal. A country that is likely to be one of hardest hit. Humanity will kill itself. And many other species while they are at it. political bickering across the globe will be futile in the coming years. Survival will be the only thing we have left.I never thought I would imagine this, or even consider it a reality, but I believe the world, the whole world, and every culture and society are heading for a dystopian future.
India a country with a bigger space programme than our own, can’t get itself out of the Dirty Coal addiction. I have to say it Maggie Thatcher was a true visionary! And years ahead of her time, we can look back now and thank her for breaking our dirty Coal Habit.
What everyone can do which doesn't take a lot of effort is to email their pension fund, bank or whatever to ask them to only invest in ethical products and to disinvest in fossil fuels. Merely by asking will put these institutions on notice that the groundswell is building.
Quote from: SydneyRover on November 14, 2021, 09:52:16 pmWhat everyone can do which doesn't take a lot of effort is to email their pension fund, bank or whatever to ask them to only invest in ethical products and to disinvest in fossil fuels. Merely by asking will put these institutions on notice that the groundswell is building.Even less of an effort you could choose yourself what to invest your pension in, then you've full control.
Quote from: normal rules on November 14, 2021, 10:18:22 pmThe experts are predicting the reality of cop26 is that the world is going to suffer 2.4 degree raise in ave temp. An utterly catastrophic legacy we leave for future generations.And the crazy irony is that India is against phasing out coal. A country that is likely to be one of hardest hit. Humanity will kill itself. And many other species while they are at it. political bickering across the globe will be futile in the coming years. Survival will be the only thing we have left.I never thought I would imagine this, or even consider it a reality, but I believe the world, the whole world, and every culture and society are heading for a dystopian future.Angst is all well and good, what are you doing NR?
RD. I suspect, sadly you will be in the minority.
I mentioned India, but the Uk is directly in the firing line for sea level rises. And the govt of the uk, current and future are in no way prepared for this. Neither are the people.In time, there are going to be millions displaced. And that’s just in the uk.