Gcm Resources Share Discussion Threads

[888icb] 20/3/2021 00:53

Interesting article about coal posted on another bb

Funding for Coal Projects
On a similar theme we sometimes get those stating that funding for coal fired generation is not happening. Well based on the article below, itself from a ECO publication (so it must be true)- according to coalexit.org funding for coal projects has actually increased since the 2016 Paris Accord.

'While Chinese banks account for less than 6% of total lending to the coal industry, they account for 58% of underwriting. Through their underwriting, Chinese banks channeled US$ 467 billion to the coal industry over the past two years. Next in line are US banks (US$ 104 billion), Japanese banks (US$ 59 billion), Indian banks (US$ 36 billion) and UK banks (US$ 35 billion)'
hxxps://coalexit.org/sites/default/files/download_public/Financing%20GCEL%202020_Press%20Release_urgewald.pdf

This post is just to reflect what is really happening rather than what some would have us believe, however it's unlikely with NFC and Power Chinas' commitment to the project there will be any issue re funding the project itself

[longjohnsilver1] 19/3/2021 22:36

Bye coal the next PSMP will be very interesting.....



On Sunday, the government signed an agreement with the Japan International Cooperation Agency (Jica) for a new power system master plan, with a vision to promote a low or zero-carbon transformation of the total energy supply and demand system.

The decision to prepare the master plan is a welcome move, said the CPD.

This is particularly important when Bangladesh is in the process of the energy transition with a view to scaling down the use of fossil fuel and boosting the use of renewable energy.

[longjohnsilver1] 19/3/2021 22:14

No worries girls



Next week will be better, the project is coming by foot from china


Hahahahahahahahahahahahahaha

[malcolmyoung] 19/3/2021 20:40

Cor, strike a light guv'nor, that's an awful lot of money going into luvly jubbly coal projects - While Chinese banks account for less than 6% of total lending to the coal industry, they account for 58% of underwriting. Through their underwriting, Chinese banks channelled US$ 467 billion to the coal industry over the past two years. Next in line are US banks (US$ 104 billion), Japanese banks (US$ 59 billion), Indian banks (US$ 36 billion) and UK banks (US$ 35 billion)'
Rock-on GCM - you are going to BEHUGE ha ha ha £10 and more.....

[longjohnsilver1] 19/3/2021 16:50

Get ready for your green pass




As well as green energy.....hahahahahahaha



Coal is over

[longjohnsilver1] 19/3/2021 16:49

Another week for nothing



No project, no coal



And the clowns desperately waiting for 20 years


🤡

[therealsatan666] 19/3/2021 16:21

The sooner everyone filters him the better. Some still feed him and respond to his garbled nonsense.

Enjoy your weekend too mate. I got plenty to keep me happy and occupied this weekend..... unlike some.

[gridlock1] 19/3/2021 15:54

Indeed it will Satan.

Just imagine he sits on here all day long, no friends, no family and no life.

He hasn't got a clue, one pathetic individual who doesn't deserve to breathe clean air.

He will get what's coming one day for sure.

And no one will give a toss.

Have a good weekend matey

[longjohnsilver1] 19/3/2021 15:23

Oh look gridcok is back



The loser is back....hahahahahahahaha



How much did you lose on this ?

[glavey] 19/3/2021 15:15

[49472] Link Nick Nack?

[longjohnsilver1] 19/3/2021 13:32

PESMP Says





No coal power stations is the future

[longjohnsilver1] 19/3/2021 13:29

Another week for nothing





Coal won’t be mined, NEVER


20 years of dreams for the clown team

[longjohnsilver1] 19/3/2021 11:11

3:30 hours of talk



And not a positive word for coal



This is the reality



Day Trading is the only way to make money before the next stock crash



Listen to Longjohn

[longjohnsilver1] 19/3/2021 09:54

Renewable and LNG




Is what they want in the 3:30 hours PESMP conference



Coal IS NOT AN OPTION


Bye bye coal

[legionnaire2] 19/3/2021 09:51

We are on the cusp of excellent and transformational news for GCM and it’s shareholders.

[longjohnsilver1] 19/3/2021 09:25

PESMP held on 18th



Coal is NOT an option




Listen to Longjohn

[therealsatan666] 19/3/2021 09:19

The Chinese don't like Glavey




They like a cully sauce.

[longjohnsilver1] 18/3/2021 21:43

Game over for the penny stock

[longjohnsilver1] 18/3/2021 21:43

The government's proposed master plan on power and energy should help Bangladesh phase out fossil-fuel-based and expensive generation system and guide it towards cleaner electricity, the Centre for Policy Dialogue (CPD) said yesterday.