Pension fund holders in Australia say "climate change is a very real investment risk."
They're moving away from fossil fuels like coal.
Recently, in the US, the Rockefeller's have sold their investments in coal, oil and gas too.
In the piece it says another 800 investors are divesting away from fossil fuels also but it
doesn't list who they are.
Via RTCC-
http://www.rtcc.org/...-coal-holdings/
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1
Kicking coal to the curb.
Started by Shortpoet-GTD, Oct 09 2014 03:52 AM
3 replies to this topic
#2
Posted 14 October 2014 - 05:36 AM
A slight drop in GDP growth in China, saw coal piling up in import stockyards.
. . . Then, the recognition that China’s horrendous air pollution problem needed urgent action,
. . . has seen all manner of restrictions and caps on future coal consumption.
India, and South Korea, coal import tariff.
The United States, continued to close coal power stations as:
. . . . . . Gas,
. . . . . . Renewable energy and
. . . . . . Efficiency, plugged the gap.
To give a sense of just how much the situation has changed for the coal industry,
. . . look at the market capitalisation of Australia’s 10 biggest pure play coal producers.
. . . Here’s how their value has changed since the start of 2012:
10-14-2014 Source: The incredible shrinking coal industry
. . . Then, the recognition that China’s horrendous air pollution problem needed urgent action,
. . . has seen all manner of restrictions and caps on future coal consumption.
India, and South Korea, coal import tariff.
The United States, continued to close coal power stations as:
. . . . . . Gas,
. . . . . . Renewable energy and
. . . . . . Efficiency, plugged the gap.
To give a sense of just how much the situation has changed for the coal industry,
. . . look at the market capitalisation of Australia’s 10 biggest pure play coal producers.
. . . Here’s how their value has changed since the start of 2012:
10-14-2014 Source: The incredible shrinking coal industry
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