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Coal Industry Dying; Australian Coal Mine Denied; New Zealand Ends Coal Power

Saturday, August 8, 2015 16:47

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Coal industry wobbles as market forces slug away. Recent White House policies are not what is driving the once-thriving coal industry into bankruptcy. It’s big debt loads and plunging prices.

‘Tragic for the wider world’: Tony Abbott decries court ruling against Adani coal mine. Prime Minister Tony Abbott says it is “tragic for the wider world” if legal safeguards are allowed to stall large mining projects, adding people have grounds to be “angry” that a court set aside approval for Australia’s biggest coal mine.

New Zealand About to Say Adios to Coal. Energy and Resources Minister Simon Bridges said the “closure marks the end of coal-fired power generation in New Zealand.” Greenpeace welcomed the news but pointed out that it was a business, not Prime Minister John Key, making the climate-wise move.

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