BACK TO TOP

Mines and Money Conference - ditch the dirty dollars, invest in our future!

We assume our invite got lost in the post...

People hailing from Cumbria to London, and everywhere in between, descended on the Mines and Money Conference in London across two days (28th-29th Nov 2023). We demanded that investors stop pouring cash into the mining sector, and instead invest in our collective future. Together with Fossil Free London and other groups, we greeted investors with flyers highlighting risks to investments in mining that mining companies want to hide—such as successful grassroots resistance to mining projects around the world.

We also heard on the grapevine that EMR Capital PTY, the ultimate owner of the proposed West Cumbria coal mine (WCM), was attending in the desperate hope of raising the £230 million still needed to start the WCM. So local campaigners from Cumbria came all the way to London to deliver a message to potential investors in WCM—steer clear! To further ruin EMR Capital PTY’s plans, they also handed investors a risk assessment, provided by BankTrack, outlining risks specific to the proposed WCM proposal. Two other coal mining companies were present at the conference too.

There’s many alternatives we must take instead of clawing the ground up to reach the minerals beneath, and that is where investment is needed. For example, we need:

  1. better closed-loop recycling and reuse
  2. new technologies and the efficiencies they can bring
  3. the eradication of planned obsolescence
  4. a reduction and prioritisation in what we consume

This would truly be ‘resourcing tomorrow’—the strapline for this year’s Money & Mining conference. Instead, the conference encourages investment in the rush for remaining minerals, fuelling human rights abuses, land grabs, destruction of local eco-systems, and climate change.

We call out the host of this disastrous conference, the Business Design Centre, which boasts its ethical ‘B-Corp’ status. You might want to raise your concerns with the certifying body about giving these hosts any kind of ethical certification (certification@bcorporation.uk), pointing out that at least three fossil fuel companies advertising coal mines and oil production were touting for investment at the conference (BHP, ADX Energy, and Teck).

Published: 29/11/2023

Share now:

Subscribe
Notify of
guest

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Never miss an update! Sign up to our Newsletter

OTHER STORIES

We have to do better by steelworkers…

Former steelworker, Pat Carr, spoke to Anne Harris from Coal Action Network about the financial support offered to workers when the Consett steelworks closed in 1980, and they discussed what can be done better, in workplaces like Scunthorpe steelworks. (Article published in Canary magazine)

Another nail in the coffin for West Cumbria Mining Ltd

The proposed West Cumbria Coal mine lost its planning permission in September 2024. Since then its application to get a full coal mining license was refused by the Coal Authority, another nail in the coffin of the proposed coking coal mine.

Glan Lash extension: the second attempt

Bryn Bach Coal Ltd is the coal mining company that operates the Glan Lash opencast coal mine, which has been dormant since planning permission expired in 2019. In 2018, it applied for an extension which was unanimously rejected by planning councillors in 2023. Undeterred, Bryn Bach Coal Ltd is trying again! This time with a slightly smaller extension of some 85,000 tonnes rather than 95,000 tonnes…

Consett Steelworks closure – a Just Transition? (An interview)

Former steelworker, Pat Carr, speaks to Anne Harris from Coal Action Network about the financial support offered to workers when the Consett steelworks closed in 1980.

Welsh Government & Local Council respond to CCEIC’s recommendations

In May 2023, Coal Action Network wrote to the Climate Change, Energy, and Infrastructure Committee (CCEIC) of the Welsh Senedd, informing the Committee of the ongoing illegal coal mining at Ffos-y-fran in Merthyr Tydfil, and the Council and Welsh Government’s refusal to use their enforcement powers to prevent the daily extraction of over 1,000 tonnes of coal…

The end of coal power in the UK – how we got here, what’s still needed?

The end of coal power in the UK – how we got here, what’s still needed? Smoke filled the sky across the industrial parts of the UK, as coal powered the industrial revolution. First coal brought prosperity and progress, but over decades the smoke stacks…

Historic moment ends coal for power generation

The UK is reaching a major milestone in its transition to clean energy, one that Coal Action Network has campaigned for since its inception in 2008 — the complete phase-out of coal power generation. From October 2024, Ratcliffe power station — the last remaining coal-fired power station in the country…

Coal, British Industry, and Colonialism

Coal powered Britain’s industrial and economic expansion during its Industrial Revolution. The abundance of coal discovered in Britain was a key factor that enabled the country’s early industrialisation, developing technologies and industries unfeasible elsewhere due to the lack of cheap energy sources…

Victory – West Cumbria Coal Mine Rejected!

Victory! The High Court overturns the 2022 planning permission to mine coal at Whitehaven.

CONNECT WITH US

Share now:

0
Would love your thoughts, please comment.x
()
x