Ever considered the consequences of mega coal companies investing in solar power?
This week news came through of the world’s largest coal miner — Coal India Limited — pumping a cool $1.2 billion into the development of 1,000MW solar plants in the country.
Under huge pressure to source their energy in a more environmentally friendly way, the public-owned company is helping carry out the new Indian government’s effort to promote domestic renewable energy. Researching sites to establish the solar plants throughout the various states has already begun.
However this news — major though it was — paled into insignificance compared to reports this week that the philanthropic arm of the Rockefeller family is leading an international move away from fossil fuels and towards clean energy. [Read more…]
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