Solid Energy is in the news blaming protesters for its loss of $2.7 million dollars for the year. If only. Actually a lot of that loss came from costs associated with its legal requirement to move the threatened Powelliphanta Augustus snail. Remember that the Department of Conservation’s original recommendation to the Minister was that the snails should not be moved and that the mining should not even take place. Nonetheless, the 200,000 less tonnes of coal mined by Solid Energy represents a savings of about 400,000 tonnes of carbon emissions into the atmosphere – or $6 million worth of carbon credits. Nice work by the Save Happy Valley team.
Sadly Solid Energy still has plans to mine the Happy Valley coal they did not mine this last financial year.
Photo Credit: electro8 at Flickr