Carbon capture won’t save coal

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Via AFR today:

In late February Peter Coates, Glencore’s non-executive director, appeared at an event in Sydney to make a rare intervention from a mining leader — a full-throated defence of the coal industry, whose very existence is under threat because of its role in global warming.

…Six months later, the industry decided to take action to improve the image of the dirty fuel. Coal21, an industry body in Australia that is backed by 26 mining groups including BHP, Anglo American and Glencore, launched a new $US4 million ($6 million) advertising drive. It issued a tender for a campaign on Australian TV, social media, radio and print advertising, according to a document seen by the FT.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.