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Environment & Energy

NickB79

(19,237 posts)

5. I'm sure they'll take notice when global coal consumption drops

Reply to kristopher (Reply #4)

Wed May 1, 2013, 04:23 PM

May 2013

IE, not for many, many years to come.

Like the article said, the Australian coal bubble will pop IF the governments of the world come together in the next few years and actually leave 2/3 of the planet's fossil fuels in the ground. I find that a very slim possibility at this point in time.

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Highlight:

Carbon bubble makes Australia's coal industry ripe 'for financial implosion' [View all] kristopher Apr 2013 OP

"a speculative bubble of climate denial, indifference or dreaming" pscot Apr 2013 #1

That's what they said. kristopher May 2013 #8

Coal mine owners should have hedged their bets and diversified their holdings kestrel91316 Apr 2013 #2

"if the world's governments fulfil their agreement to act on climate change" NickB79 May 2013 #3

I doubt investors whose pensions are at risk will think that way nt kristopher May 2013 #4

I'm sure they'll take notice when global coal consumption drops NickB79 May 2013 #5

I don't think it is as far away as it seems kristopher May 2013 #6

Fossil is expensive; GM wants action on climate change; UK coal company goes bust kristopher May 2013 #7