The so-called "carbon bubble" is the result of an over-valuation of oil, coal and gas reserves held by fossil fuel companies. According to a report published on Friday, at least two-thirds of these reserves will have to remain underground if the world is to meet existing internationally agreed targets to avoid the threshold for "dangerous" climate change. If the agreements hold, these reserves will be in effect unburnable and so worthless – leading to massive market losses. But the stock markets are betting on countries' inaction on climate change.
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Earlier this month Maltby colliery in South Yorkshire closed down for good. At the end of a winter that saw 40% of our energy needs met by coal – most of it imported – we witnessed the poignant closing ceremony
shit i posted the wrong link, sorry tan
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As Mariano Rajoy announces new austerity measures, capital welcomes miners fighting huge cuts in subsidies
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still the cheapest form of energy, that's why i liek it, but 'clean coal' is 'tarded as are those who believe
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Spectacular fossil forests have been found in the coal mines of Illinois by a US-UK team of researchers.
