Coal21, which was established in 2006 by the Australian Coal Association now merged into the Minerals Council of Australia, has to date invested $300 million in cleaner coal projects, including carbon capture and sequestration (CCS) initiatives at the Queensland Callide power plant in Victoria's Otway Basin.
The Coal21 Fund has also received
$550m from the Australian and state governments and coal related industry.
The fund is primarily financed by a levy on coal production at Australia's thermal and coking coal mines. Major players include Glencore, Rio Tinto, BHP Billiton and Peabody Energy.
(Source: Minerals Council of Australia, The Australian, 16 Aug., 2017) Contact: Australia Minerals Council of Australia , +61 2 6233 0600, www.minerals.org.au
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