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Global Warming Biggest Risk to Australia's Great Barrier Reef

2015-05-25 16:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Sputnik: Global warming poses the greatest risk to Australia's Great Barrier Reef, the largest coral reef in the world, the chairman of the Great Barrier Reef Marine Park Authority, Russell Reichelt, said Monday. "Climate change is the single biggest long-term risk to the reef," Reichelt told a parliamentary inquiry hearing, days before United Nations Educational, Scientific and Cultural Organization makes a decision on whether the reef will be placed on the "endangered list," as quoted by Financial Review....

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World's Biggest Mining Companies Betting on Copper

2015-05-25 14:44:35| Real Estate - Topix.net

There's still some uncertainty regarding how soon copper will shift into deficit. However, positive arguments for the copper price got some support on Friday when a report from Bloomberg stated that five of the world's largest mining companies have all said good things about the red metal over the last month.

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Australia: Great Barrier Reef's 'single biggest risk' climate change

2015-05-25 09:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Financial Review: The chairman of the Great Barrier Reef Marine Park Authority, Russell Reichelt, says climate change posed the biggest risk to the long-term future of the reef but said he believed there was enough government funding at the moment to tackle the problem. Just days before UNESCO will make its decision on whether the Great Barrier Reef will be placed on the "endangered" list, Dr Reichelt said he was encouraged by the $140 million in extra funding from the federal government to improve water quality...

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France's biggest insurer Axa axes coal investments

2015-05-25 02:21:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. Axa SA Chief Executive Officer Henri de Castries said he's working to sell 500 million euros ($702 million) of coal assets and triple "green investments" to 3 billion euros by 2020. He joined investors in Paris saying companies must act to contain global warming. "There is one thing which is absolutely...

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China Is on Track for the Biggest Reduction in Coal Use Ever Recorded

2015-05-15 15:28:00| Climate Ark Climate Change & Global Warming Newsfeed

Quartz: China is cutting down on its coal habit. In the first four months of 2015, the country consumed almost 8% less coal than in the same period a year earlier, according to a report by Greenpeace/Energydesk China. This means China's carbon dioxide (CO2) emissions fell by around 5% in the first four months of the year, according to the report. That's a lot--roughly equal to the volume of CO2 emissions spewed by the entire UK during that same period, as Greenpeace/Energydesk China notes. If the trend...

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