Australia keeps voting for coal, but investors are quietly abandoning plans for new mines

What happens when an industry wins political support, but loses private sector money? In Australia, we’re getting a slow lesson in what that looks like. Why does it matter in North Dakota? Because it’s all playing out in energy and coal markets and there’s speculation that new energy investments in the Pacific rim are increasingly influenced by environmental interests.

Is this a trend — the focus away from coal-fired energy — we’ll see in North Dakota? Time will tell, but early signs out of Minnesota suggest similar attitudes are taking root nearby.

Quartz

This article was sourced from:

Akshat Rathi, Quartz

View Source

Josh Wolsky

Developer & Writer @TheMinot Voice, Fan of the Souris River, SavorMinot Advocate. Fortunate to be a 'former' City Council member ;)

Local Businesses Supporting Local News

Subscribe to Today in Minot!

It's the free, easy way to stay informed about what's happening in Minot, and it helps support independent local news and journalism.

Leave a Reply

Your email address will not be published. Required fields are marked *

f