Mining Sites
Deutsche Bank both confirmed they will not be funding the Great Barrier Reef project , located north of the Galilee Basin in the western Queensland region of Australia . Investors have sternly limited their exposure to coal investments as the social , environmental , climatic , and economic risks become increasingly clear .
How to Combat these Growing Challenges The problem for Australia isn ’ t lack of coal resources ; it ’ s the reality that new projects now require billions in longterm infrastructure commitments .
This cost along with plummeting global prices for coal is creating a higher return hurdle for investors .
A recent series of reports from global investment bank Citigroup has highlighted the drastic changes of the coal market along with the enormous impact it will have on the future of the industry .
“ Investors are increasingly considering whether some fossilfuel related assets might become “ stranded ”, with significant loss of value , if stronger carbon constraints are imposed to mitigate the risk of dangerous climate change , or if alternative energy solutions become
Investors have sternly limited their exposure to coal investments as the social , environmental , climatic , and economic risks become increasingly clear
36 June 2014