Is it?A new coal mine is a terrible decision.
https://www.bloomberg.com/news/arti...e-undercuts-u-k-s-claim-to-climate-leadership
I'd say you are missing the point, but I think you know that.Is it?
Apparently we're selling most of it into the EU, so it won't hit our targets. Far better to open one now when people are still buying coal.
Reducing supply doesn't reduce demand, it just increases the price.I'd say you are missing the point, but I think you know that.
If you view everything in life through the lens of commerce then this line of argument seems perfectly reasonable. Even ignoring the environmental arguments, arguments which are unassailable at this point, this mine maybe just another stranded fossil fuel asset within a decade if not sooner. It makes no sense whatever way you look at it.Reducing supply doesn't reduce demand, it just increases the price.
They're going to buy it from somewhere, we may as well make money out of it.
Unfortunately it does make sense, it's quite unpleasant.If you view everything in life through the lens of commerce then this line of argument seems perfectly reasonable. Even ignoring the environmental arguments, arguments which are unassailable at this point, this mine maybe just another stranded fossil fuel asset within a decade if not sooner. It makes no sense whatever way you look at it.
I couldn't disagree more. Might come back to this later.Unfortunately it does make sense, it's quite unpleasant.
We are heading towards strained economic activity from Brexit and up unemployment from Brexit and covid, so arguably any opportunities for increased economic activity and jobs will be "good" over the next few years.
That will be repeated across the world - it might be a very very weird few years.
I'm sure part of your (and my) counter argument would be "is that worth putting health and environment at risk?" - the answer is probably yes, as much as I hate that.
The environmental arguments only really work if the option for our potential customers is to buy from us or not at all.If you view everything in life through the lens of commerce then this line of argument seems perfectly reasonable. Even ignoring the environmental arguments, arguments which are unassailable at this point, this mine maybe just another stranded fossil fuel asset within a decade if not sooner. It makes no sense whatever way you look at it.
I'll refer you to my previous post. This anachronistic short term thinking has brought the planet to the brink of catastrophe. You are effectively arguing against engaging with any sort of climate mitigation as long as there is a buck to be made. Money is not the only consideration and there are other factors in play here above market forces.The environmental arguments only really work if the option for our potential customers is to buy from us or not at all.
That's not the case, those customers will buy the fossil fuel from somewhere no matter what we do. So why not be the ones earning from it?
15% for steel production and the rest sold to the EU apparently.I thought they'd said previously that the coal was going to be used for British steel production?
Anyway, bit of a turn up for @scaramanga to want to see more unionised miners.
I like to judge actions on the effect they have.I'll refer you to my previous post. This anachronistic short term thinking has brought the planet to the brink of catastrophe. You are effectively arguing against engaging with any sort of climate mitigation as long as there is a buck to be made. Money is not the only consideration and there are other factors in play here above market forces.
Isn't the point that the future and growth will be in innovative green tech. Invest into that, rather than go backwards and contribute to a damaging old technology.
Doubt the EU would buy off us. We are all racists remember.15% for steel production and the rest sold to the EU apparently.
It is also a bad investment that is only of benefit in the short term to a small number of people. Politically and ethically it is a massive own goal too.I like to judge actions on the effect they have.
If we refuse to sell coal to the EU, they will buy it elsewhere and the only difference is that they will pay a little more and we will not make money from it. The net effect on the environment is nil - probably worse as the coal they buy will have to be transported from further away.
I agree that taking steps to reduce climate change is a benefit to us all, but this won't do anything to reduce climate change and will leave us with a load of coal we will never be able to sell.