A White Elephant at Newcastle: T4 a Stranded Asset in the Making
“A proposal to build a fourth coal-export terminal in Newcastle, Australia, is about as big a boondoggle in the making as one can imagine. Even executives at Port Waratah Coal Services – the company that wants to erect the [70 million tonnes per annum (Mtpa)] T4 facility – are having trouble explaining the sense of the project,” writes Tim Buckley from the Institute for Energy Economics and Financial Analysis.
Suggested Tweet: A white elephant at Newcastle: T4 #coal terminal a #strandedasset in the making writes Tim Buckley http://bit.ly/1DtcqCb @ieefa_institute
A Flawed EIS Underpins Bangladesh’s Power Plant Threatening the Sundarbans
“Ask anyone, and they can tell you that you cannot put a price on the Sundarbans. The people who live in and around the Sundarbans, those whose lives depend on it, can tell you, even without a degree in environmental science, that the mighty mangrove forest, which provides for them and protects them from natural disasters, is an irreplaceable asset. They’ll tell you, as will environmentalists anywhere in the world, that there simply is no alternative to the Sundarbans, though there may be many alternatives to power production,” writes Sushmita S. Preetha in The Daily Star.
Suggested Tweet: A flawed EIS underpins #Bangladesh’s #coal power plant threatening the #Sundarbans http://bit.ly/1KqgEzo
Chile’s Endesa Says No New Coal
“Chile’s Diario Financiero newspaper reported on 27th July that one of Chile’s largest generators, Endesa, will no longer build coal plants in Chile and has abandoned the controversial Punta Alcalde coal project. Endesa is owned by Italian utility Enel, which in March announced an agreement with Greenpeace that it would phase out future investments in coal. Endesa’s announcement is likely due to a combination of pressure from Enel and strong community opposition to coal plants in Chile,” writes Anna in EndCoal.
Suggested tweet: #Chile’s Endesa says it won’t build any new #coal http://bit.ly/1Kx2380