Posted on 07/27/2015 12:35:21 PM PDT by Olog-hai
EU bosses are pushing to resolve a clash between industry and environmental policy with a new strategy to phase out funding to export coal technology to developing nations, ahead of a meeting of leading economic powers on the issue.
The European Commission, the EU executive, urges tougher rules on when subsidies, known as coal export credits, can be used in a paper seen by Reuters, ahead of interim talks this week.
Political pressure is growing to reach agreement on restricting the coal subsidies before United Nations climate change talks in Paris at the end of the year. But opposition is also strong.
Negotiations at the Paris-based Organization for Economic Cooperation and Development (OECD) in June ended in statemate as Japan, the biggest user of export credits that help companies such as Toshiba Corp. to sell coal plant and mining technology abroad, led resistance. …
(Excerpt) Read more at reuters.com ...
It’s a subsidy for exporting coal.
If they want to buy coal, let them pay full price.
The left reviled Lady Thatcher for closing down uneconomic British coal pits. Now the left think they are some kind of heroes for closing down coal based industries.
I don’t think she actually closed down too many mines, but she did privatize them after their being nationalized by Clement Atlee back in 1947. The National Union of Miners pushed things too far as did the air traffic controllers in the USA.
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