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Carbon bubble makes Australia's coal industry ripe 'for financial implosion'

Damian Carrington, the Guardian

29 April 2013 •

Much of the nation's coal reserves will be worthless if world's governments fulfil pledge to cap emissions, warns report

Australia's huge coal industry is a speculative bubble ripe for financial implosion if the world's governments fulfil their agreement to act on climate change, according to a new report. The warning that...

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