Pressure from Joe Biden's new green-leaning U.S. administration and Australian states could see Canberra set a goal to become carbon-neutral by 2050, climate experts said, urging stronger policies to phase out fossil fuels and push sustainable farming.
By Reuters Staff
2 Min Read
TOKYO (Reuters) - Brazil’s Vale said on Thursday it is buying out minority stake partner, Japan’s Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to become carbon neutral by 2050.
FILE PHOTO: The logo of Japanese trading company Mitsui & Co. is seen in Tokyo, Japan, January 10, 2018. REUTERS/Toru Hanai
Vale, the world’s second-biggest iron ore miner, said in a statement it planned to divest its loss-making Moatize coal mine and Nacala Corridor rail and port projects in Mozambique, to focus on its core operations.
GRAPHIC - China s imports of U.S. energy: tmsnrt.rs/3sHkrEz
LAUNCESTON, Australia, Jan 21 (Reuters) - President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of U.S. commodities, renegotiating, or simply ignoring China’s failure to meet the terms.
The so-called Phase 1 trade agreement, signed in January last year between the administrations of former President Donald Trump and President Xi Jinping, was most likely doomed to fail from the start.
The deal committed China to buy unrealistic volumes of U.S. commodities, most notably energy products such as crude oil, liquefied natural gas (LNG) and coal, as well as agricultural output such as soybeans.
Synopsis But having said that the improvement is a continuous process, learning is a continuous process..let us learn new things, new ideas, new approach, and new goal. And in this, the image of coal (sector), Coal India needs to be changed. We have to change the image of Coal India, Joshi stressed.
The award has been instituted to promote best and sustainable practices for coal mining in the country.
New Delhi: Coal Minister Pralhad Joshi on Thursday assured
Coal India of full government support, even as he said the PSU needs to learn new things for improvement in its future prospects. The minister, who was speaking during the launch of Enterprise Resource Planning (ERP) of Coal India Ltd (CIL), said there will be full support to the company because it is the backbone of the country .