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SYDNEY, Australia (AFP) – Australia said Monday it will sell coal for “decades into the future” after spurning a pact to phase out the polluting fossil fuel to halt catastrophic climate change. More than 40 countries pledged to eliminate coal use within decades during the COP26 UN climate summit in Glasgow, which aims to cap the warming of Earth since the Industrial Revolution to between 1.5 and 2.0 degrees Celsius. Australia, along with some other […]
SYDNEY, Australia (AFP) – Australia-based mining giant Rio Tinto on Wednesday announced plans to cut direct carbon emissions 50 percent by 2030, ramping up previous targets as the firm tries to green its highly polluting operations. Rio Tinto said it would spend around $7.5 billion from now until the end of the decade to cut so-called scope one and two emissions — from mining operations and power consumption. “Governments are setting more ambitious targets and […]
by Andrew BEATTY / with Holly Robertson in Brisbane Agence France-Presse SYDNEY, Australia (AFP) — Australia’s ANZ became the country’s last major bank to walk away from thermal coal investments Thursday, delivering a fresh blow to a sector facing export market upheaval and widespread public hostility. The bank said that from 2030 it would no longer finance thermal coal mines or coal-fired power stations, joining Australia’s other “big four” banks who have already made similar […]
