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China Regulators Approve Acquisition of Australian Coal Company

Green Car Congress

China’s National Development and Reform Commission has approved the takeover of Australian coal company Felix Resources Ltd. by the state-owned Yanzhou Coal Mining Co Ltd, China’s fourth-largest coal producer. The two companies signed an agreement in August that Felix would be sold to Yanzhou Coal for AUD 16.95

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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Australia is the world’s largest exporter of coal and one of the world’s highest per-capita emitters of greenhouse gases. Indonesia’s current rate of deforestation is estimated to be about 100,000 hectares (3,800 square miles) per year, down from a high of 250,000 hectares (9,500 square miles).

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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—Jonathan Grant, director, sustainability and climate change, PwC. Examining the role of shale gas, PwC’s report suggests that at current rates of consumption, replacing 10% of global oil and coal consumption with gas could deliver emissions savings of around 3% a year (1gt CO 2 e per annum).

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

said last week it would halt mining operations at its Grants open pit mine until conditions improve, warning of a writedown, while nickel miner Panoramic Resources Ltd. Chemaf Resources Ltd. Junior producers have been particularly hard hit. Australia’s Core Lithium Ltd.

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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Experts predict that by the year 2060 global warming, if left unchecked, could result in a temperature rise of seven degrees Fahrenheit higher than temperatures before the Industrial Revolution when man started widespread use of coal and other fossil fuels. The fact is, about half the world’s electricity comes from coal.