Plastic bags, climate change, renewable energy,

I think you're all taking a negative position on this stuff. We have a lot of coal and gas in the ground, we have a lot of money tied up in extracting that stuff, and we have a lot of money tied up in converting it to energy. Why would we just throw that opportunity out the window? So wasteful. I thought you green pink hippies wanted less waste?
 
pink poodle said:
I think you're all taking a negative position on this stuff. We have a lot of coal and gas in the ground, we have a lot of money tied up in extracting that stuff, and we have a lot of money tied up in converting it to energy. Why would we just throw that opportunity out the window? So wasteful. I thought you green pink hippies wanted less waste?
Click to expand...

You've been hanging out with Gina too much...
 
More obvious, more to be ignored:

www.theguardian.com

Australia must prepare now for climate-related disasters or pay more later, insurance regulator says

The cost of responding to bushfires, storms and cyclones after the fact is likely to be 11 times greater, Apra warns
www.theguardian.com www.theguardian.com

Australia’s banking and insurance regulator has estimated the country should be spending about $3.5bn a year to limit damage from climate-related natural disasters, warning the cost of responding to them after the fact is likely to be 11 times greater.
Click to expand...
 
This is quite significant - the IEA has historically been quite "conservative" and relatively bullish on fossils. The IEA forecasts for coal demand is often quoted in support of xyz policy supporting the coal industry.

www.abc.net.au

Solar and wind tipped to overtake coal within five years, report author says

Demand for Australian thermal coal has peaked, according to the International Energy Agency (IEA), and renewables will deliver 80 per cent of the world's energy needs in the next few years.
www.abc.net.au www.abc.net.au
 
Demand for Straya thermal coal has peaked?

Der!

www.afr.com

China orders steel makers to stop buying Australian coal, say traders

Coal traders in China confirmed reports on industry websites that some buyers had been told to stop purchasing coal from Australia.
www.afr.com www.afr.com

And...

368363


Bullshit reporting is bullshit.
 
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So it's time to buy or sell shares in coal mining? I'm not trying to catch the knife here, but I'd like to get filthy rich from destroying the planet! I don want to pivot my investments until I have milked all that I can from the earth.
 
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