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Australian coal miners should think carefully about what they do with their inflated cash balances
Australian coal miners have recently reported huge profits and cash flows off the back of the war in Ukraine. Miners should forget capacity expansions and instead use these strong cash flows to responsibly manage down existing operations,…
Analysis
Coal Industry Talking Points: Blame Somebody Else
Yancoal Australia’s recent spin on its announcement around …
Analysis
Coal cost trends: Climate impacts on coal mining likely long term
CSIRO and the Bureau of Meteorology’s State of the Climate 2022 report has projected that Australia will experience “an increase in the risk of natural disasters from extreme weather, including ‘compound extremes’, where multiple extreme…
Analysis
Coal cost trends: Higher labour costs could continue into the long term
Record thermal coal prices following the invasion of Ukraine delivered Australia’s thermal coal producers record profits, debt reduction and returns to shareholders.
While much has been made of these returns in the latest financial reporting,…
Analysis
Tipping point looms for fossil fuels as capital flows to renewables
December 21, 2019 (Sydney IEEFA) — A tipping point for the future of fossil fuels may have been reached this year as financial markets massively down-rated traditional energy companies, with their slumping share prices destroying “sta
Press Release
IEEFA Australia: BHP to link executive compensation to reductions in emissions generated from the use of its products
Analysis
IEEFA update: Capital flight from thermal coal is accelerating
Global capital flight from thermal coal and the coal-fired power sector is already at a canter in 2020.
BlackRock’s January announcement of its divestment from thermal coal is huge, and an unexpected move by this global giant (US$7 trillion…
Analysis
IEEFA Australia: Thermal coal export sunset looming closer
For more than a decade, the figures looked good. Australia’s thermal coal mining export industry was experiencing an unprecedented rise in the coal seaborne market.
Up to 2015 the numbers were singing. Australia was leading the market as the…
Analysis
BlackRock takes first step towards aligning US$7 trillion fund with Paris Agreement
The world’s largest fund manager announced overnight it is cutting companies that derive a quarter or more of their profits from thermal coal from its actively managed portfolios, in response to climate change.
Analysis
IEEFA Australia: Rix’s Creek Coal Mine Extension approved despite wrongful representation of cost externalities and increase to global emissions
The decision to approve expansion of the Rix’s Creek coal mine by the New South Wales (NSW) Independent Planning Commission (IPC) was based on a lopsided cost benefit analysis that minimised tax benefits and cost externalities to the people…
Analysis
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