Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Well, the Japanese are still funding Coal fired power stations, despite Peppa pigs green agenda, and Flop26. Even the Spanish have reopened a Coal plant.
http://www.china.org.cn/world/Off_the_Wire/2021-11/23/content_77888739.htm
https://bdnews24.com/economy/2021/11/24/pinched-by-energy-crisis-spanish-coal-plant-slated-for-closure-fires-up
I guess if the worst comes to the worst, and the mine does not get the go ahead, Bangladesh could always tap into the £100 billion climate fund that is on offer to pay compensation to GCM who have a valid licence to mine Pulbari.
I agree Altube, and so do the Australians!!
https://www.globaltimes.cn/page/202111/1238414.shtml
I agree Ted
I think coal is one of the only ways that will bring some country's out of poverty. I find it amazing how the West can dictate to countries like Bangladesh having already prospered through the use of coal, and Industrialisation. As you say, they can always flog the coal if they don't want to use it themselves. I will be glad when this Cop26 nonsense is behind us. I guess the last resort for GCM would be to sue the Bangladesh government, but that could take years. I hope it won't come to that.
Good news Ted, I guess the Chinese will be kept warm this winter.
Just off to chop up some wood for the wood burner, as our Hydrogen boiler has just blown up the street, and I can't find a charging point in the street for the car!! .
Pappiklon
I agree with all the points you have made. I don't think GCM would be allowed to issue RNS's by the Bangladesh government if this didn't have any legs. I don't think the Chinese would be too happy either having wasted there time on the project.
Having checked out Dyani, it would appear there is one shareholder / Director who is Malaysian. I wonder if this is a vehicle for looking after certain individuals prior to a deal being cut. If the deal doesn't go ahead, the Chinese will certainly be very unhappy. I still remain positive.
Ricky, I am hoping it will play out based on your theory some time ago (Below).
I did listen to the Radio 4 programme on China (Belt and Road Initiative. I t looks as if they are trying to take over the world. I just wish they would take Phulbari first!!
"Marv -what I envisage is GCM disappears via a buyout, but Polo becomes part of the consortium with a 10-15% holding.This allows Michael Tang to exit with a nice payday, but still actively involved in the project, via his Polo holding.As you mention, he has put a lot of effort in achieving a satisfactory outcome and he will not let it go lightly."
The study results were a joke. I have also tried to contact Amit on a number of times and no reply. Why he doesn't just wind the company up and we can all move on. The 4th October update was supposed to give confidence that the original shareholders were still in place and were looking forward to a positive conclusion for the company. Well having checked on Osuna Limited, the company was dissolved in 2013.