Mitsubishi is the latest Japanese firm to take a second look at coal investments

first_imgMitsubishi is the latest Japanese firm to take a second look at coal investments FacebookTwitterLinkedInEmailPrint分享Australian Financial Review ($):Australia’s biggest thermal coal customer is hardening its attitude towards the fuel, with Japan’s biggest bank and one of Japan’s biggest power and mining conglomerates tightening their coal investment policies in recent days.Mitsubishi UFJ Financial Group, which is Japan’s largest lender and largest bank by assets, said it was reviewing its lending policies for coal-fired power generation and would limit support to “high-efficiency” generation which helped reduce emissions including through carbon capture and storage. The bank also said its lending would be guided by OECD standards, which encourage lending only to high-efficiency “ultra-supercritical” coal-fired power plants.The comments came just days after Marubeni, which has equity investments in six Australian coal mines and seven Asian power stations, said it would halve its coal-fired generation capacity by 2030 and double the percentage of renewables in its portfolio by 2023.“As a general principle, Marubeni will no longer enter into any new coal-fired power generation business. However, Marubeni might consider pursuing projects that adopt best available technology which at present is ultra-supercritical steam-generating technology,” Marubeni said.The landmark statements from the two companies continue a recent trend among Japan’s top corporations, and highlights the long-term challenge facing Australia’s thermal coal sector, which shipped 41% of its exports to Japan in fiscal 2017.“It is not just Marubeni moving in isolation … It is more representative of a sea change in senior corporate and government thinking in Japan,” said Tim Buckley, from the Institute for Energy Economics and Financial Analysis, an organisation whose mission is to accelerate the world’s energy transition. “It is a bit like when our big four [Australian] banks all moved two or three years ago.”More ($): Major Japanese banks, traders tighten coal policylast_img read more

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MAN IS TERRIFIED HIS STOLEN GUNS WILL BE USED TO ROB MORE PENSIONERS

first_imgA young man said he is terrified that his stolen guns will be used to terrorise and rob more pensioners in Co Donegal.Mark Dowds with the camouflaged rifle which was one of two guns taken in the raid on his family’s home. (NW Newspix)Hunting enthusiast Mark Dowds has been left devastated after thieves broke into his family home and stole two shotguns, a hunting knife and cartridges.The 22 year old lives in Newtowncunningham, an area devastated by dozens of raids on the homes of pensioners in recent weeks. The gang broke into Mark’s family home in Rooskey and used a shovel and crowbar to smash open a locked gun-chest containing his guns.Devastated Mark told Donegal Daily “I am sickened to think that these guns could be cut down and used to terrorise old people and rob them.“I know there’s every likelihood that this could happen and it makes me sick. Old people have suffered around here enough.“They are terrified at night and now these scumbags have two more guns and a very sharp hunting knife they can use in their cowardly raids.” The robbery is even more devastating for Mark as one of the guns, a Lamper Over and Under shotgun, was given to him by his father Ivor when he started to shoot.“I simply can’t replace that gun. It has huge sentimental value. But the cowards who broke into our family home don’t care about that,” said the Moyle Gun Club member.The gang also stole a significant sum of money which Mark had saved to celebrate his 23rd birthday this weekend with friends.Gardai are hunting the gang behind the raid which happened between 1 and 2pm on Wednesday afternoon.A local farmer spotted a green or blue car with a Northern Ireland registration acting suspiciously in the area at the time. As well as nightly patrols in the area, local residents have set up text alert schemes and provided alarms and sensor lights for the elderly at cost price.A recent meeting to discuss the burglary crisis in the was attended by more than 1,500 people and a €10,000 bounty was offered to catch the gang.Mark said he has no qualms in saying what he would have done had he have walked in on the burglars ransacking his family home.“They may have walked in but they wouldn’t have been walking out. It’s as simple as that. “The aw is on the side of these people and the Gardai simply don’t have the resources to catch them.“It’s going to take a serious incident and I mean one of these people getting badly hurt during a burglary to send the message out.“People are sick of being preyed upon. I will never forget what these people did to my home but if they do it again I will be ready,” he said.MAN IS TERRIFIED HIS STOLEN GUNS WILL BE USED TO ROB MORE PENSIONERS was last modified: March 6th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:burglarygangguns stolenMarks DowdsNewtowncunninghamRooskeylast_img read more

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