Thursday, 5 July 2018

BANKS REFUSE TO BACK COAL MINING VENTURE DOWN UNDER

This article looks at the Australian coal industry and the negative attitude of banks to lending money for new mines. How strange that commercial banks refuse to lend money for a project that involves the number one export. Greenpeace claim that coal is a "dying industry", but a look at the growth in coal-fired power stations all over the world soon puts an end to that bit of wishful thinking on their part. It's merely an illusion just like the idea that CO2 controls the climate. 

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