coal campaign

As mnm heads towards announcing its coal/cbm intentions at mt mulligan, a good article in the australian...
How good is the buying in mnm shares at these prices!

"Coal industry unveils its climate solutions
Christian Kerr | November 12, 2008
Article from: The Australian
AUSTRALIA'S $60 billion coal industry, long painted as the villain in the climate change debate, will launch a fightback campaign today.

The Australian Coal Association will unveil a climate change communications campaign and release details of extensive market research on climate change, the coal industry and carbon capture and storage.

"The coal industry is sticking its hand up and saying 'We know we're part of the problem and we want to be part of the solution'," an industry source said yesterday.

Sources stress that the launch will be more than a rebranding of the industry.

They say it will be the start of a major public education campaign to explain the role of carbon capture and storage in tackling climate change.

The term "clean coal" will not feature in the campaign. Instead, it will focus on "new-generation coal technologies" and "low-emission coal technologies".

The new terminology has already been seen in the title of the National Low Emissions Coal Council announced by Resources Minister Martin Ferguson earlier this year.

It is also reflected in the name of the National Low Emissions Coal Initiative, a program to accelerate the development and deployment of technologies to reduce emissions from coal use.

It is backed by $500 million of federal government funds and more than $1 billion from industry and the states.

Coal is Australia's largest source of export earnings and is expected to generate $60 billion this financial year. About 80 per cent of Australia's electricity is generated from coal.

Kevin Rudd has said that despite the growth of renewable energy, coal and other fossil fuels will remain major sources of the world's energy in the coming decades."