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Some 53 vessels have been waiting offshore for more than four weeks while coal ships from other countries have delivered their loadsMore than 50 Australian coal ships are still stranded off China’s coast, held up by a Chinese government import ban, despite the country facing coal shortages and one of its worst power blackouts in years.China has rejected suggestions that its October ban on...

Michael McCormack says trade minister and diplomats are trying to fix the issueDeputy prime minister Michael McCormack is concerned coal exporters could face a tougher time selling the commodity into China.There are reports the Chinese government is warning state-owned power plants not to buy new shipments of Australian thermal coal and instead favour domestic products. Continue reading...

Exclusive: oil, coal and fracking companies in line to benefit from $750bn bond scheme Coronavirus – latest updatesSee all our coronavirus coverageFossil fuel companies and coal-powered utilities in the US are set for a potential bonanza under federal government plans for a bond bailout, part of the rescue package for the coronavirus crisis.At least 90 fossil fuel companies, many of them established giants such...

‘We’re in a deep hole over the climate crisis and we need to stop digging,’ warn expertsThe world’s nations are on track to produce more than twice as much coal, oil and gas as can be burned in 2030 while restricting rise in the global temperature to 1.5C, analysis shows.The report is the first to compare countries’ stated plans for fossil fuel extraction with...

Redirecting small portion of subsidies would unleash clean energy revolution, says reportSwitching just some of the huge subsidies supporting fossil fuels to renewables would unleash a runaway clean energy revolution, according to a new report, significantly cutting the carbon emissions that are driving the climate crisis.Coal, oil and gas get more than $370bn (£305bn) a year in support, compared with just $100bn for renewables,...