The New South Wales government has been labelled "hypocritical" for approving coal mine extensions and expansions despite aiming to achieve net zero by 2050.The NSW government is approving and assessing proposals to extend the operating lives of existing coal mines, or expand themThe Climate Energy Finance Corporation say coal investments are short-sighted
Climate Energy Finance Corporation, which invests in Australia's transition to lower emissions, said an orderly retreat from the industry was needed. "The idea that the NSW government continues to approve massive new coal developments is very much hypocritical," Mr Buckley said."Short-term profitability of the industry is extreme. It's war profiteering."In the Central West of the state, Lithgow and Mudgee are home to some of the state's "most productive and efficient" coal mines, according to the NSW Minerals Council.
Approving a proposed expansion of its operations would allow a further 1,600 hectares of land to be mined around the tiny village of Wollar beyond 2030.The price of thermal coal has soared from about $US50 per tonne in 2020. "The infrastructure is in place, the workforce is in place, the supply chains are in place, the export opportunities are in place."
We need coal. Climate change is a farce for the stupid to believe in
Our Coals sales overseas are Sky-rocketing.......Hello.....ABC
Because everyone knows any coal left in the ground isn't making one dam cent in royalties, it will be dug up
Aim = Dig it , send 2 CWPs & ship it quickly as possible while there's $ 2 B made. The war in Ukraine has created new markets 4 these mining coys ( a short term sugar hit ). In 20 yrs the CLTs at Carrington & Kooragang will B stranded assets & left 2 rot, LIKE BHP's SITE.
Backward leadership
jobs for the now !
Because there is no other way to make energy currently. If there is turn it on, show us all
Who is spinning in the opp direction? Pretty sure that all countries still rely heavily on coal. Especially China & now the European ones after the war in Ukraine
Because they smart enough to know it's needed .
One reason LNPClimateCriminals
Because our governments keep giving them free money
Without coal, iron ore and steel? we will have nothing in hand to defense ourselves, go to Ukerain to ask is the fucking green energy importand or the lifes. Global warming propaganda is highly possibly part of Russian and China's economic war.
the ABC dont know that its price is going up......
The inconvenient truth....
Have you not seen who our PM is 😳
What bunk, China is largest coal producer, user and polluter in the world and Australia buys all its renewable energy hardware from them, see the cycle ?
Because the world won’t pay our bills.
Sprinting in the other direction? Really? Maybe some fact checking on the forecast future global coal consumption might assist you. Plenty of new coal fired power stations being built around the world and nearly all NSW coal is exported, not consumed locally.
Because they get subsidies from the federal government.
Subsidies from LNP government. Propped up with tax payer money.
Europe are currently talking about rationing energy. UK just announced a 54% increase in power charges to its people. How would the Australian public react to headlines like that?
Export $$ needed for Australia.
Because being a LNP governed state they don't recognise 'Climate Change' as an issue, only as a 'money maker'.
Where is the world sprinting to...?
Probably because the world, sadly, is not sprinting in the opposite direction, and will not actually do so until we embrace nuclear. Unless you think this looks like a sprint? The only country with any kind of pace here is the US, and that's because of their rapid shift to gas.
it is about GREED They r raping our resources for cash Endless greed Matt Kean is telling us he is a greenie yet LNP NSW keeps approving new mines They r part of coal corrupted cabal Even after Lismore massive floods
They are just getting out of Victoria ,60,000 so far ! 😂
Adani owes $15B 🇺🇸 to power generators, let’s not get caught with our pants down.
And do you actually understand what 'nett zero' (not 'net', that's for catching fish) actually means? Carbon sinks = carbon sources. Look it up in your Funk and Wagnalls.
Did you know that you don't have to burn coal to get the energy out of it? Used properly, it can be a source of zero CO2 energy. Look up ZECA.
The editors at the ABC think you are too lazy to verify their claims.
Because the world which is moving in another direction is also buying our coal. Go figure
Which world would that be?
Strange definition MSM has of what is actually meant by world.
Because they act on money, not woke silliness!
TAX! or lack there of?
Why? Simply there is a market for it. Its going to take a long time to move from coal to green power. If you, Xanthe Gregory, feel so strongly about it I suggest you give up a carbon fueled lifestyle starting with your carbon fueled car. Oh this is just a fluff article
The bankers lending them money? Who are they? Shareholders around the world must query them in AGM. Superannuation funds around the world must boycott these financiers as part of CO2 protocols. Something fishy going on.
I don't know where to start with this misinfo....
ABC wants billions more in funding. Where the F**k do you think your funding comes from? Here is a proposal, we cut coal mining by the same proportion as the ABC funding.
A sympathetic government ties to coal by the purse strings
Could it be that without coal, the lights out worldwide 🤔 and we, the world are years away from changing that. Just a thought..
Rum corps mentality
Because the country is run by corrupted dinosaurs.
Because this countries leaders are so backward
Why? Because the NSW Govt encourages coal mining xanthe_gregory. 'Mining, Exploration and Geoscience’s, Coal Innovation NSW (CINSW), was set up to advance low emissions coal technologies research and development across the state...' ClimateCrisis
Clearly the rest of the world isn’t sprinting in the headlines direction. Just some parts of the west.
They know better!
Hahahaha!! 'Sprints in the other direction' There's fewer less informed than a regular ABC viewer.
Without coal and iron ore mining, how will all these renewable energy devices be manufactured? Wind turbines, solar panels, EVs? Materials needed to make 1 wind turbine 335 tons of steel 4.7 tons of copper 1,200 tons of concrete 3 tons of aluminium 2 tons of rare earth elements