LONDON (Reuters) - Misuse of climate models could pose a growing risk to financial markets by giving investors a false sense of certainty over how the physical impacts of climate change will play out, according to the authors of a paper published on Monday.
The UNSW report found there were delays in responding to issues raised by the independent monitoring system, which was set up to protect the environmental and cultural interests in the area, with the mine site operator Glencore Australia, and the NT mining regulator failing to act quickly to mitigate these risks, or failing to take action on recommendations altogether.
The NT government recently approved an expansion of the mine, despite the authority responsible for the protection of Aboriginal sites rejecting Glencore s application.
The NT s Aboriginal Areas Protection Authority (AAPA) said they were concerned about the potential damage to sacred sites after Glencore was given the green light to increase the size of the mining pit and waste rock dump last year.
(Updates hyperlink in third paragraph with no other changes) By Matthew Green LONDON, Feb 8 (Reuters) - Misuse of climate models could pose a growing .