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.

This article was sourced from:

Akshat Rathi, Quartz

Source

Josh Wolsky

Editor and Publisher of TheMinotVoice, Developer of the #ForMinot Network,  Co-Host of #GoodTalk Minot, Advocate and Friend of the Souris River, Former City Alderman, and clearly -- all things #MakeMinot. Go ahead, don't wait for permission!

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