The Australia Institute says allowing another 40 million tonnes of coal to be mined in the NSW central west does not stack up economically or environmentally.
abc.net.au/news/opposition-moolarben-ulan-coal-mine-expansion-central-west-nsw/101884060A public policy think tank has slammed the proposed expansion of a New South Wales coal mine, saying the cost of emissions to the climate would exceed any economic benefit.
Research director Rod Campbell said he found the direct cost of the Moolarben Open Cut Extension Project to the climate measured by the economic damage that would result from its carbon dioxide emissions — would be $156 million, "greater than estimated royalty value [of] $152 million".
"You're seeing Glencore, and Yancoal in the case of Moolarben, trying to get as much out of the ground as they possibly can, as fast as they can, because the future for coal is pretty grim," he said.Meantime, mining giant Glencore has applied to extend the life of its nearby Ulan site for an additional two years to 2035, allowing for an additional 16 million tonnes of coal to be extracted.Among the opponents to both mines is the Mudgee District Environment Group.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSW cracking down on illegal fireworks for Australia DayThe NSW Government has announced it is cracking down on use of illegal fireworks for Australia Day after several illegal fireworks displays occurred on New Year&x27;s Eve.
Read more »
Coal ban could lift as Chinese companies look to buy: CoronadoThe Queensland miner says it has received “multiple” enquiries from Chinese customers wanting to buy coal, adding to perceptions Beijing will ease a trade ban.
Read more »
If Australia tips into recession it would be a ‘pretty mild one’Economists are warning Australia could tip into a recession this year if the Reserve Bank of Australia keeps raising rates. Deloitte Access Economics partner Stephen Smith says it would take some further increases in the interest rate from the RBA to tip Australia into a recession. “If that did happen, it would be a pretty mild one,” Mr Smith told Sky News Australia. “We’re expecting economic growth – quarterly economic growth through 2023 of sort of 0.3 - 0.4 per cent per quarter.”
Read more »
NSW women will be able to check partner's violence history, with extended disclosure schemeThe proposed extension of a scheme by the NSW government will allow women and men across the state to check if their partner has a history of domestic violence.
Read more »
NSW Premier expected to unveil ‘Right to Ask’ scheme todayNew South Wales residents in relationships could soon be able to check if their partner has been convicted of domestic violence offences in a trial expected to be unveiled by the Premier today.
Read more »
NSW will let people check partner's history of domestic violenceNSW men and women will be able to check if their partner has a history of domestic violence. Under the scheme, people who are potentially at risk will be able to apply online or over the phone to access information about their partner. MORE: 9News
Read more »