BANKERS TO THE RESCUE

Not even the investment bankers buy into our prime minister’s goal of every increasing coal exports. Poor coal price, long term price risks from climate change and environmental risks to the great barrier reef are too much for many of the global banking community. Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley and numerous others won’t […]

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Tony Abbott gets crash course in carbon bubbles

US, English and Chinese based analysts at Citi, the world’s biggest investment bank, released a report that said China, the world’s biggest coal consumer and emitter of greenhouse gas emissions, is likely to dramatically cut its demand for coal Read more …

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