MP3: Coal project 'a monument to short-sightedness'

18.06.2013

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Coal project \'a monument to short-sightedness\' MP3

GVK Hancock is trying to raise $10 billion to develop its Alpha Coal Project in western Queensland's Galilee Basin. But a report, commissioned by Greenpeace, has concluded no investor should take part in the project because of the weak state of the coal market and the balance sheet of the investment partner, GVK. GVK Hancock says an "activist-motivated media campaign" is underway which is trying to discredit coal pro... Source: abc.net.au

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