In the United States, coal, that supervillain of fossil-fuels, is in a death spiral. But on a global scale, there’s no spiral, just an arrow pointing to Asia. Turns out coal isn’t dying; it’s moving.
The LNG Canada export plant, under construction on the northern coast of British Columbia, opens in 2025. At full capacity, the plant will produce about four-million tonnes of greenhouse gases each year, a large increase in provincial emissions.
The United Nations climate talks went into record overtime and then ended in failure on Sunday. The countries gathered in Madrid for COP25 were unable to agree on the main objectives of the negotiations and kicked the most important decisions down the road to next year’s meeting in Glasgow, Scotland.
Members and allies of Climate Action Network Canada made the following statements at the conclusion of COP25:
Catherine Abreu, Executive Director of Climate Action Network Canada:
“You know something is broken when those demanding climate justice are pushed outside of the climate conference - as hundreds were this week - and those delaying climate action are allowed to stay inside.
Since Paris Agreement, Global Financial Firms Have Sunk $745 Billion into New Coal Plant Development
BlackRock, Vanguard, Citigroup, and JPMorgan Chase are among the top global financers of new coal development, according to new research presented during the United Nations climate summit in Madrid.
![The Khadia open pit mine is 27 km long. Workers loading coal into trucks work in hazardous conditions wear no protective equipment and accidents are frequent. Photo by: international accountability project. Flickr [CC BY 2.0]](https://ecosocialistsvancouver.org/sites/default/files/styles/medium/public/article-image/12227000925_f2549129a2_c.jpg?itok=ZQWYdfQK)
