Coal industry peeks at Big Tobacco playbook
Feeling cornered, it's changing its stand: instead of denying climate change, it has now decided that its top priority should be developing carbon capture technology
New York
GREG Zimmerman, an environmental activist, was scrolling through the website of a coal industry association when he came across a presentation that startled him: "Survival Is Victory: Lessons From the Tobacco Wars."
What surprised Mr Zimmerman, deputy policy director at the Center for Western Priorities, a conservation advocacy organisation based in Denver, was that the coal industry was, at least in this presentation, deliberately drawing a comparison between itself and the tobacco companies. That's more typically the argument of environmentalists, who often compare fossil fuel companies to the tobacco industry. They note that the tobacco giants long funded trumped-up science and advocacy groups to spread doubt about risks of smoking.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data