TRACEY DAVIES: Anglo’s coal pipe dream
Mine CEOs say getting rid of coal assets, as Anglo has now done, is the ‘responsible’ thing to do. But they’re just running away from future liabilities
Two articles in last weekend’s Business Times aptly reveal the absurd nature of SA’s energy narrative. In the first, Thungela Resources CEO July Ndlovu opines: "Coal doesn’t have to be always dirty: it can be made cleaner depending on [your] technology choices."
The second, headlined "SA must go green or lose investors", delves into a new report from JPMorgan flagging the risks to SA’s competitiveness posed by Sasol and Eskom and by our inability to implement policies to mitigate climate risks...
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