By Andrew Bolt ~
Glencore is another global warming poseur:
Australia’s largest coal miner Glencore has succumbed to shareholder pressure to take action to address climate change, and announced it will cap its global coal output.
The Swiss-based resources giant said it would freeze coal production at current levels, and instead focus on commodities including copper, cobalt, nickel, vanadium and zinc, as part of its “global response to the increasing risks posed by climate change”.
That’s easy to say when you last year bought all the coal assetts you’re going to need, and want competitors frightened off:
Glencore has reached agreement to acquire Rio Tinto’s 82% interest in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2% interest in the Valeria coal resource in central Queensland for a total cash consideration of US$1.7 billion.
All Glencore has done is demonise its own business without having the slightest intention of quitting it. Gross hypocrisy and not a little dishonesty.
How much of the global warming scare is based on these sins?
UPDATE
Resources Minister Matt Canavan calls them out:
