Australia’s cashed-up coal miners have halted contributions to an industry decarbonisation fund because of a perceived lack of projects to spend the money on.
The decision by big miners such as Glencore, BHP, Whitehaven, Stanmore and Yancoal comes after the Queensland government rejected the industry’s pet carbon capture project in May.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
