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‘Reckless’ coal firms plan climate-busting expansion, study finds
(The Guardian, 6 Oct 2022) Coal is the most polluting of all fossil fuels and investors must stop funding it, say campaigners.
Hundreds of coal companies around the world are developing new mines and power stations, according to a study. The researchers said the plans were “reckless and irresponsible” in the midst of the climate emergency.
Coal is the most polluting of all fossil fuels and its use must be quickly phased out to end the climate crisis. However, almost half the 1,000 companies assessed are still developing new coal assets, and just 27 companies have announced coal exit dates consistent with international climate targets.
The new mining projects could increase the production of thermal coal, used in power stations, by more than a third, the report found. The bulk of these projects are in China, India, Australia, Russia and South Africa.
The analysis was produced by the German environmental group Urgewald, which said it was the world’s most comprehensive public database on the coal industry.
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The Guardian, 6 Oct 2022: ‘Reckless’ coal firms plan climate-busting expansion, study finds
