The biggest floods in Queensland, Australia, in half a century are turning into a windfall for U.S. coal mining companies anticipating record profits and the highest exports in 15 years. Shipments from the U.S. are poised to rise 8.8 percent this year to about 86.5 million tons, the most since 1996, the Energy Department in [...]
Signal: Mining losses
World coal prices at record levels on Queensland floods mining losses
by Hunter Cutting on 14. Feb, 2011 in Uncategorized
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A note about identifying climate change impacts
Many events are linked to climate change by virtue of fitting a long-term trend. For example, the record-breaking “once in one thousand years” rains that drove the recent Nashville flood is part of the long-term trend of increasing heavy precipitation events in the Southeastern United States that has been fully documented and firmly attributed to climate change. While one cannot say with certainly that event was "caused" by climate change, one can and should say it is linked to climate change.
