Comments on: Solid Energy boss quits after shocker year http://business.scoop.co.nz/2013/02/04/solid-energy-boss-quits-after-shocker-year/ Scoop Media Business Blog Tue, 14 May 2013 05:32:11 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: J. Adams http://business.scoop.co.nz/2013/02/04/solid-energy-boss-quits-after-shocker-year/comment-page-1/#comment-120692 J. Adams Tue, 05 Feb 2013 08:31:25 +0000 http://business.scoop.co.nz/?p=75812#comment-120692 He was a fool to believe that coal mining could ever be environmentally benign. He did significant damage in his stated belief in carbon capture & storage. It’s a fairy story and he tried to use it as a business proposition. On the other hand, he was (gently) looking at diversifying beyond coal. But for SE to fail to make a profit from wood pellets beggars belief – the raw material is free and SE had a monopoly in a growth market here in ChCh.

When he was appointed, the Board was trying to wind up SE, but he bullied his way to expansion instead. He has the consequences of all that carbon dioxide on his conscience in his retirement.

]]> By: S Yiakmis http://business.scoop.co.nz/2013/02/04/solid-energy-boss-quits-after-shocker-year/comment-page-1/#comment-120403 S Yiakmis Mon, 04 Feb 2013 13:02:48 +0000 http://business.scoop.co.nz/?p=75812#comment-120403 International Energy Agency 12 /11/2012: “No more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goal”, the internationally recognized limit to average global warming in order to prevent catastrophic climate change.

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