Thanks for responding - none of your "colleagues" have had a go yet.
So your criterion for an ESG qualification is being included in an ESG focussed fund and by implication fund managers become the judges of ESG credentials.We know that there are now ratings agencies that are independent to prevent the wool being pulled over investor's eyes. A4N does not have and independent ESG rating and is unlikely to do so given the power being from a coal fired station and precursors being from an non ESG plant. Rimas has so far refused to commit to formal ESG rating.
Won't say anything more critical about Rimas.He deserves a guernsy to where he has got the show to now and certainly has proven promotional talents and fund raising abilty.
The deal with a green power company looks good on paper but we all know it's a Furphy
Am prepared to be corrected on Orica Gladstone's coal dependency,but you have provided no figures to contradict the contention,and to be fair nor did Asculpeous back his view with figures.The coal industry dwarfs other operations in QL and is likely to be scaled down over the years.
As suggested previously, A4N holders should try and see the whole agreement with Orica and see if there is a Force Majuere.Just can't see Orica letting itself get boxed in by A4N and having to run an old coal-fired plant just to supply A4N. If we move to carbon credits,it would be an early casualty.
