Anglo American sells coal assets to Peabody for $3.8bn
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
The Green Party of New Zealand is taking aim at coal with new legislation that would make coal miners bear the brunt of their emissions. According to the Otago Daily Times:
The Climate Change Response (Low Carbon Economic Development) Amendment Bill would amend the Emissions Trading Scheme (ETS) to ensure all new activities and industries that use lignite, are fully liable for the costs of the greenhouse gas emissions they emit.
“Large scale lignite mining in Southland could see New Zealand’s carbon emissions increase by as much as 10 million tonnes a year, when we already need to decrease them by more than 20 million tonnes a year,” said the architect of the bill, Green MP Gareth Hughes.
The launch of the bill will be aided by a computer game to highlight its message. The goal of the game is to fill a hole with coal.
