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Rapidly deteriorating investments in coal mining and coal infrastructure projects, revealed by figures from the Bureau of Resource and Energy Economics (BREE), reinforces the urgent need for State and Federal governments to focus on the competitiveness of the coal industry.

"For too long, governments have heralded the 'pipeline of projects' as evidence of never ending prosperity," the CEO of the Australian Coal Association, Dr Nikki Williams, said today.
 

Extreme environmental activists are ideologically driven to destroy Australia's coal industry but have no technically and commercially reliable and affordable solution to global climate change. The activists also lack plans to provide energy to more than a billion people living in poverty.

CEO of the Australian Coal Association Dr Nikki Williams said last night that eco-activists are very active and make a lot of noise but were in fact a relative minority of well-resourced, professional, internationally connected campaigners. Their mission to extinguish coal in the name of saving the climate was derailing the energy/climate debate and distracting attention from the suite of solutions that need to be embraced if the world is to respond appropriately to the challenge.
 

A Coalition government will need a strong coal industry if it is to deliver on its commitments to deliver a prosperous and growing Australian economy.

A Coalition government will need a strong coal industry if it is to deliver on its commitments to deliver a prosperous and growing Australian economy."The Leader of the Opposition, The Hon Tony Abbott, in his Budget reply last night committed to tax cuts for working Australians and to ease cost-of-living pressures, " said Mr Greg Sullivan, Acting Chief Executive of the Australian Coal Association.
 

 

The Federal Government missed an opportunity to boost the future prosperity for all Australians through tonight's Budget. "Coal is one of Australia's most important commodity exports. In 2011–12 alone coal exports contributed $48 billion dollars to the Australian economy," said Mr Greg Sullivan, the Acting CEO of the Australian Coal Association.
 

Escalating media reports about Federal Government funding cuts to its clean energy initiatives which could include cuts to the Carbon Capture and Storage (CCS) Flagships program are of grave concern.  CEO of the ACA, Dr Nikki Williams said: "The world economy needed to burn seven billion tonnes of coal last year and the figure continues to rise. So, if we are to have any chance of actually cutting global CO2 emissions, then technologies to capture and store carbon from gas and coal-fired electricity and industrial processes like steel and cement manufacture must be developed and applied at scale. 

 
 

The Australian Coal Association has warned the Federal Government that Australia risks losing its competitive position as a major coal-exporting nation by failing to recognize and act on the challenges facing the industry.  The ACA's policy paper, Budget Priorities 2013, says the Australian economy now faces reduced global commodity prices, a persistently high dollar and rising unemployment. 
 

Future investment in Australian coal mining projects is being placed at risk if governments continue to ignore the impact of high costs, delays and uncertainties in the approval process for mining projects, according to the Australian Coal Association.  Dr Williams said Australia trades in a global coal market and it must keep its costs and its risks down, particularly at a time of difficult market conditions.

 
 

The CEO of the Australian Coal Association, Dr Nikki Williams, warned today that the unrelenting campaign by Greenpeace to destroy the Australian coal industry threatens the nation’s future prosperity.  “The Australian people have not given Greenpeace a veto over their economic future,” said
Dr Williams.
 

A new report helps to put a price tag on the value of the coal industry to Australia and the potential cost of ideological campaigns to stop coal exports and eventually shut down the industry.  Over the past 30 years, coal has been one of Australia’s major export industries. In fact, for most of that period it was the major export industry. Coal represents the main export earner for both Queensland and NSW.
 

A decision by the NSW Land and Environment Court to overturn government approval of the expansion of the Mount Thorley Warkworth mine in the Hunter Valley creates a damaging precedent that could threaten billions of dollars of investment in new mining projects.
 
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