Home » Posts tagged 'mining industry'

Tag Archives: mining industry

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

Countries that Blocked ‘Welcoming’ of Major Climate Science Report at UN Talks have Dozens of Delegates with Ties to Oil, Gas, and Mining

Countries that Blocked ‘Welcoming’ of Major Climate Science Report at UN Talks have Dozens of Delegates with Ties to Oil, Gas, and Mining

COP24 plenary

At least 35 delegates from Saudi Arabia, Kuwait, Russia and the US are either currently employed or used to work for companies and organisations involved in the petrochemical and mining industries or lobbying on behalf of those industries.

On Saturday, the United Nations Framework Convention on Climate Change (UNFCCC) “noted” the findings of the Intergovernmental Panel on Climate Change’s (IPCC) landmark 1.5 degrees report at the annual talks in Katowice, Poland. Poor and undeveloped countries, small island states, Europeans and many others called to change the wording to “welcome” the study, Climate Home reported.

The IPCC’s report, released in October 2018, warned that the world has 12 years to radically cut emissions to avoid catastrophic climate change. The report was commissioned by countries at the annual climate talks in Paris in 2015.

Of the 35 delegates DeSmog UK has identified with ties to the fossil fuel and mining industries, 12 are representing Saudi Arabia, and nine are representing Russia. NGO Climate Tracker previously identified 13 delegates representing Kuwait that worked for the fossil fuel industry.

Most of the Saudi Arabian delegates currently work for state oil and gas producer Saudi Aramco – reportedly the most profitable company in the world – including Khalid Al-Falih, Saudi Arabia’s Minister Energy, Industry and Natural Resources and chairman of Saudi Aramco. The company is estimated to be worth around $2 trillion.

Two of the Russian delegates at this year’s annual talks work for natural gas producer Gazprom, in which the Russian government holds the majority stake. Six delegates work for aluminium producer, Rusal.

…click on the above link to read the rest of the article…

Mining Industry in Collapse

Mining Industry in Collapse

Mining

 

The mining industry is in collapse. Everyone expanded dramatically expecting China to never stop buying. The loading up of debt is still likely to see many companies get in trouble. It is likely to see the entire industry be downgraded on a wholesale basis. Those looking at the miner stocks, should pay attention to the forecast on each one in Socrates. Some of the biggest will fall.

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress