Back in March we brought you news of the emerging trend of ‘carbon bubble’ shareholder resolutions, particularly in the US. Well, the first results are now in! A shareholder resolution filed by As You Sow asked one of the largest coal producers in the US, CONSOL Energy, to address the impacts of the possible write-down [...]
Our recent release of the ‘Australia’s carbon bubble’ with The Climate Institute has gathered worldwide media coverage. The bulk of this has been brought together here. Have a look.
Billions of dollars of coal shipments and mining investments are at stake as the Australian coal miners and the Japanese utilities have failed to reach an agreement for their annual supply contracts by the unofficial deadline of April 1, writes Javier Blas for the Financial Times. Let by Xstrata on the Australian side and Tohoku [...]
A new study from the Canadian Centre for Policy Alternatives (CCPA) has estimated that to keep in line with Canada’s share of the global carbon budget to 2 degrees, at least 78% of Canada’s proven oil, bitumen, gas, and coal reserves are unburnable, while 89% of their proven-plus-probable reserves will need to remain in the [...]