Aussie coal industry "ripe for financial implosion"
Submitted by radioecoshock on Mon, 13/05/2013 - 9:33amAlex Smith of Radio Ecoshock interviews John Connor, Exec. Dir. of the Climate Institute in Sydney. Their new report shows the Australian coal industry can only burn a fraction of their reserves before the climate spins out of control. The big coal companies are over-valued, based on reserves that are "unburnable" - a big risk for the Australian economy. Listen to/download this 19 minute interview here: http://www.ecoshock.org/downloads/climate2013/ES_JConnor_LoFi.mp3
Related articles: Coal ship boarded by Greenpeace activists off the Great Barrier Reef | Philippine climate activists expose risks of dirty coal | Australian based company Ambre Energy pushing coal export in Oregon | Coal dust and climate change: Newcastle residents march against proposed T4 coal loader | Time to cease expansion of coal to reduce climate change says Ad